HF Sinclair Corporation (NYSE:DINO) Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 1,265.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,554 shares of the company’s stock after purchasing an additional 2,367 shares during the period. Exchange Traded Concepts LLC’s holdings in HF Sinclair were worth $84,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in HF Sinclair during the 4th quarter worth about $31,000. Lee Danner & Bass Inc. acquired a new stake in HF Sinclair during the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC grew its position in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after purchasing an additional 327 shares during the period. Byrne Asset Management LLC acquired a new stake in shares of HF Sinclair during the 1st quarter valued at about $35,000. Finally, UMB Bank n.a. grew its position in shares of HF Sinclair by 2,202.9% during the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company’s stock valued at $51,000 after acquiring an additional 1,498 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of DINO opened at $41.07 on Wednesday. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $54.48. The stock has a market cap of $7.74 billion, a PE ratio of -53.33 and a beta of 0.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. The firm has a fifty day moving average price of $35.20 and a 200 day moving average price of $34.62.

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

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 4.87%. HF Sinclair’s dividend payout ratio is currently -259.74%.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of analyst reports. Piper Sandler dropped their target price on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Barclays raised their target price on HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Scotiabank dropped their target price on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Morgan Stanley dropped their target price on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company lifted their price objective on HF Sinclair from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 11th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and an average price target of $43.70.

HF Sinclair 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.