UMB Bank n.a. Boosts Stake in HF Sinclair Co. (NYSE:DINO)

UMB Bank n.a. boosted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 2,202.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,566 shares of the company’s stock after buying an additional 1,498 shares during the period. UMB Bank n.a.’s holdings in HF Sinclair were worth $51,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in HF Sinclair in the 4th quarter valued at approximately $31,000. Lee Danner & Bass Inc. purchased a new position in HF Sinclair during the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of HF Sinclair by 53.9% in the 4th 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 period. TD Waterhouse Canada Inc. increased its stake in HF Sinclair by 98.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company’s stock valued at $56,000 after purchasing an additional 796 shares during the period. Finally, IFP Advisors Inc increased its position in HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after acquiring an additional 417 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Up 1.1%

DINO stock opened at $39.08 on Friday. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $54.48. The company has a market cap of $7.36 billion, a PE ratio of 47.66 and a beta of 0.90. The business’s 50-day simple moving average is $33.28 and its 200 day simple moving average is $34.57. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last issued its 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 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%. The firm’s revenue for the quarter 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, research analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders 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 dividend on an annualized basis and a yield of 5.12%. HF Sinclair’s payout ratio is presently -259.74%.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of analyst reports. Piper Sandler cut their target price on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Scotiabank reduced their target price on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Mizuho upgraded HF Sinclair from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. Barclays boosted their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Finally, Wells Fargo & Company boosted their price target on HF Sinclair from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and an average target price of $43.70.

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.