Wealth Enhancement Advisory Services LLC Has $1.04 Million Stock Position in HF Sinclair Co. (NYSE:DINO)

Wealth Enhancement Advisory Services LLC grew its stake in shares of HF Sinclair Co. (NYSE:DINO) by 58.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,633 shares of the company’s stock after buying an additional 10,909 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in HF Sinclair were worth $1,039,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of DINO. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in HF Sinclair during the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. bought a new position in shares of HF Sinclair during the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC raised its stake in shares of 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 during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of HF Sinclair by 98.6% during 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 during the period. Finally, IFP Advisors Inc grew its stake in shares of HF Sinclair by 33.4% in the fourth quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock worth $58,000 after purchasing an additional 417 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of DINO opened at $36.77 on Monday. The firm has a market cap of $6.93 billion, a PE ratio of 44.84 and a beta of 0.90. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $54.48. The business’s 50 day moving average price is $32.34 and its two-hundred day moving average price is $34.65. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.14. The company had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. HF Sinclair’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. On average, equities analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.44%. HF Sinclair’s dividend payout ratio (DPR) is presently -259.74%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Piper Sandler lowered their target price on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Mizuho raised HF Sinclair from a “neutral” rating to an “outperform” rating and increased their price target for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. Morgan Stanley cut their price objective 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. TD Cowen upped their target price on HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a report on Friday, May 2nd. Finally, Barclays raised their price target on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.30.

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.