GAMMA Investing LLC Acquires 2,697 Shares of HF Sinclair Corporation (NYSE:DINO)

GAMMA Investing LLC grew its holdings in HF Sinclair Corporation (NYSE:DINO) by 152.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,467 shares of the company’s stock after buying an additional 2,697 shares during the quarter. GAMMA Investing LLC’s holdings in HF Sinclair were worth $147,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC purchased a new position in HF Sinclair during the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. purchased a new position in HF Sinclair during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC grew its stake in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares in the last quarter. UMB Bank n.a. grew its stake in HF Sinclair by 2,202.9% during the first 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 in the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in HF Sinclair by 98.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company’s stock valued at $56,000 after acquiring an additional 796 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DINO shares. Barclays boosted their price objective on shares of HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Mizuho raised shares of HF Sinclair from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. TD Cowen boosted their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a research note on Friday, May 2nd. Scotiabank reduced their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Finally, Piper Sandler reduced their price objective on shares of HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.70.

HF Sinclair Price Performance

DINO stock opened at $44.15 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $52.88. The stock has a market cap of $8.32 billion, a PE ratio of -57.34 and a beta of 0.93. The firm has a 50 day simple moving average of $37.26 and a two-hundred day simple moving average of $34.89.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping 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 quarter in the previous year, the company earned $0.71 EPS. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. On average, analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.53%. HF Sinclair’s payout ratio is -259.74%.

About HF Sinclair

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.