ProShare Advisors LLC Increases Stake in HF Sinclair Co. (NYSE:DINO)

ProShare Advisors LLC grew its holdings in HF Sinclair Co. (NYSE:DINO) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,482 shares of the company’s stock after acquiring an additional 412 shares during the period. ProShare Advisors LLC’s holdings in HF Sinclair were worth $262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC bought a new stake in HF Sinclair during the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. purchased a new stake in shares of HF Sinclair in the fourth quarter worth $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after buying an additional 327 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of HF Sinclair by 98.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company’s stock valued at $56,000 after buying an additional 796 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in HF Sinclair by 33.4% in the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock worth $58,000 after buying an additional 417 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.2%

Shares of DINO stock opened at $36.12 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a twelve month low of $24.66 and a twelve month high of $55.24. The company’s 50-day moving average price is $32.04 and its 200-day moving average price is $34.97. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 44.05 and a beta of 0.81.

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

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 5.54%. HF Sinclair’s dividend payout ratio is currently -259.74%.

Analyst Ratings Changes

DINO has been the topic of a number of research analyst reports. Scotiabank lowered their price target on 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 shares of HF Sinclair from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Wells Fargo & Company cut their target price on shares of HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, May 2nd. Barclays boosted their price target on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. Finally, TD Cowen increased their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a report on Friday, May 2nd. Six investment 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 stock has a consensus rating of “Moderate Buy” and a consensus 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.