HF Sinclair Corporation (NYSE:DINO) Stake Lifted by Assetmark Inc.

Assetmark Inc. increased its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,884 shares of the company’s stock after buying an additional 9,079 shares during the quarter. Assetmark Inc. owned about 0.05% of HF Sinclair worth $3,350,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of HF Sinclair in the fourth quarter worth $31,000. Byrne Asset Management LLC bought a new position in shares of HF Sinclair in the first quarter worth $35,000. Allworth Financial LP grew its stake in shares of HF Sinclair by 553.9% in the first quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after purchasing an additional 1,130 shares in the last quarter. UMB Bank n.a. grew its stake in shares of HF Sinclair by 2,202.9% in the first quarter. UMB Bank n.a. now owns 1,566 shares of the company’s stock worth $51,000 after purchasing an additional 1,498 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in shares of HF Sinclair by 98.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company’s stock worth $56,000 after purchasing an additional 796 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Barclays increased their price target on HF Sinclair from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Scotiabank increased their price target on HF Sinclair from $49.00 to $61.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 11th. Piper Sandler lowered HF Sinclair from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $53.00 to $51.00 in a report on Tuesday, July 22nd. Mizuho upgraded HF Sinclair from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Finally, Wolfe Research lowered HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday, July 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.27.

HF Sinclair Trading Up 0.1%

NYSE:DINO opened at $45.04 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $52.88. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of -58.49 and a beta of 0.93. The stock has a fifty day simple moving average of $40.86 and a 200 day simple moving average of $36.06.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.14. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The business had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the company posted $0.71 EPS. HF Sinclair’s revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair’s dividend payout ratio is currently -259.74%.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.