M&T Bank Corp Purchases 5,249 Shares of HF Sinclair Corporation (NYSE:DINO)

M&T Bank Corp increased its position in shares of HF Sinclair Corporation (NYSE:DINO) by 20.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,294 shares of the company’s stock after acquiring an additional 5,249 shares during the period. M&T Bank Corp’s holdings in HF Sinclair were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in shares of HF Sinclair during the 4th quarter valued at about $819,000. Raymond James Financial Inc. purchased a new stake in HF Sinclair in the fourth quarter valued at approximately $8,830,000. Daiwa Securities Group Inc. lifted its position in HF Sinclair by 5.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 12,700 shares of the company’s stock valued at $445,000 after purchasing an additional 600 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 buying an additional 327 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of HF Sinclair in the 4th quarter worth $3,001,000. Institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Mizuho raised shares of HF Sinclair from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. Scotiabank raised their price target on HF Sinclair from $49.00 to $61.00 and gave the company a “sector outperform” rating in a research report on Friday. Morgan Stanley cut their price objective on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. TD Cowen increased their price objective on HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, May 2nd. Finally, Wolfe Research downgraded HF Sinclair from a “peer perform” rating to an “underperform” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.00.

HF Sinclair Price Performance

DINO opened at $44.23 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. The stock’s 50 day simple moving average is $38.90 and its 200 day simple moving average is $35.35. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of -57.44 and a beta of 0.93. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $52.88.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $6.37 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same quarter last year, the business earned $0.71 earnings per share. The business’s revenue was down 9.3% on a year-over-year basis. As a group, analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Thursday, May 15th. HF Sinclair’s payout ratio is -259.74%.

HF Sinclair 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.