HF Sinclair Corporation (NYSE:DINO) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 2.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,621 shares of the company’s stock after purchasing an additional 505 shares during the quarter. State of Alaska Department of Revenue’s holdings in HF Sinclair were worth $710,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DINO. IFP Advisors Inc raised its stake in HF Sinclair by 33.4% during 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 in the last quarter. Proficio Capital Partners LLC bought a new stake in HF Sinclair during the 4th quarter valued at $819,000. Metis Global Partners LLC bought a new stake in HF Sinclair during the 4th quarter valued at $360,000. Keynote Financial Services LLC raised its stake in HF Sinclair by 42.5% during the 4th quarter. Keynote Financial Services LLC now owns 21,418 shares of the company’s stock valued at $751,000 after acquiring an additional 6,389 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in HF Sinclair by 83.7% during the 4th quarter. Jones Financial Companies Lllp now owns 38,198 shares of the company’s stock valued at $1,339,000 after acquiring an additional 17,404 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Down 0.8%

Shares of HF Sinclair stock opened at $41.24 on Friday. The stock’s fifty day moving average is $35.96 and its 200-day moving average is $34.66. The firm has a market capitalization of $7.77 billion, a PE ratio of -53.56 and a beta of 0.90. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $54.48.

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

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair’s payout ratio is -259.74%.

Wall Street Analysts Forecast Growth

DINO has been the topic of several recent analyst reports. 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. Barclays lifted their target price on HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Piper Sandler dropped their price objective 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 dropped their price objective 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. Finally, TD Cowen boosted their price objective on HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a research note on Friday, May 2nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.