2,800 Shares in HF Sinclair Corporation (NYSE:DINO) Purchased by Security National Bank

Security National Bank purchased a new position in HF Sinclair Corporation (NYSE:DINO) during the first quarter, Holdings Channel.com reports. The firm purchased 2,800 shares of the company’s stock, valued at approximately $92,000.

Other institutional investors have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in HF Sinclair in the 4th quarter worth about $31,000. Lee Danner & Bass Inc. purchased a new position in HF Sinclair in the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC increased its stake in HF Sinclair by 53.9% in 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 in the last quarter. Byrne Asset Management LLC purchased a new position in HF Sinclair in the 1st quarter worth about $35,000. Finally, UMB Bank n.a. increased its stake in HF Sinclair by 2,202.9% in the 1st 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. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DINO. Wells Fargo & Company lifted their price target on HF Sinclair from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 11th. Piper Sandler lowered their target price on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Scotiabank lowered their target price on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Morgan Stanley lowered their target price on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, Mizuho raised HF Sinclair from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus target price of $43.70.

HF Sinclair Trading Down 0.4%

Shares of NYSE DINO opened at $40.91 on Thursday. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of -53.13 and a beta of 0.90. The business has a 50 day simple moving average of $35.46 and a 200 day simple moving average of $34.66. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $54.48. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.76 and a current ratio of 1.87.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.14. The business had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.72 billion. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The firm’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. On average, research analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.50 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 4.89%. HF Sinclair’s payout ratio is -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.