NewSquare Capital LLC Takes Position in HF Sinclair Co. (NYSE:DINO)

NewSquare Capital LLC acquired a new position in HF Sinclair Co. (NYSE:DINO) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 115,650 shares of the company’s stock, valued at approximately $3,803,000. NewSquare Capital LLC owned approximately 0.06% of HF Sinclair as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of HF Sinclair by 2,202.9% during the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company’s stock valued at $51,000 after buying an additional 1,498 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. lifted its stake in HF Sinclair by 6.5% during the first quarter. Arkfeld Wealth Strategies L.L.C. now owns 231,677 shares of the company’s stock worth $7,618,000 after purchasing an additional 14,068 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of HF Sinclair by 93.6% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 9,108 shares of the company’s stock worth $299,000 after purchasing an additional 4,403 shares in the last quarter. Matrix Trust Co raised its holdings in shares of HF Sinclair by 45.8% during the 1st quarter. Matrix Trust Co now owns 4,858 shares of the company’s stock valued at $160,000 after buying an additional 1,527 shares in the last quarter. Finally, Juncture Wealth Strategies LLC purchased a new stake in HF Sinclair in the first quarter worth approximately $266,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $36.77 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm’s fifty day simple moving average is $32.34 and its 200 day simple moving average is $34.65. The stock has a market cap of $6.93 billion, a P/E ratio of 44.84 and a beta of 0.90. HF Sinclair Co. has a twelve month low of $24.66 and a twelve 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 for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair’s dividend payout ratio (DPR) is presently -259.74%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Piper Sandler cut their price objective on shares of HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Barclays raised their price objective 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. Mizuho raised HF Sinclair from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. TD Cowen increased their target price on HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a report on Friday, May 2nd. Finally, Scotiabank decreased their price target 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. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $43.30.

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.