Kennedy Capital Management LLC Boosts Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Kennedy Capital Management LLC raised its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 337.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,649 shares of the company's stock after buying an additional 130,061 shares during the period. Kennedy Capital Management LLC owned 0.09% of HF Sinclair worth $5,911,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 327 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in HF Sinclair by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company's stock valued at $669,000 after acquiring an additional 367 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of HF Sinclair by 0.6% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company's stock worth $2,253,000 after purchasing an additional 390 shares during the period. Evergreen Private Wealth LLC grew its stake in HF Sinclair by 1.5% in the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company's stock valued at $938,000 after acquiring an additional 392 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of 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 purchasing an additional 417 shares during the period. 88.29% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DINO. Barclays reduced their target price on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research note on Friday, March 7th. Morgan Stanley decreased their target price on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. TD Cowen dropped their price target on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. Finally, Scotiabank dropped their price target on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research report on Friday. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $45.70.

HF Sinclair Price Performance

Shares of NYSE:DINO traded down $0.46 during trading on Tuesday, hitting $27.40. 2,342,368 shares of the company's stock were exchanged, compared to its average volume of 2,373,947. The business's 50-day simple moving average is $33.06 and its 200 day simple moving average is $37.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $58.87. The company has a market cap of $5.16 billion, a price-to-earnings ratio of 33.42 and a beta of 1.00.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The company had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. As a group, equities analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.30%. HF Sinclair's dividend payout ratio is currently 243.90%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is currently owned by company insiders.

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.