Juncture Wealth Strategies LLC Invests $266,000 in HF Sinclair Co. (NYSE:DINO)

Juncture Wealth Strategies LLC bought a new position in shares of HF Sinclair Co. (NYSE:DINO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,087 shares of the company’s stock, valued at approximately $266,000.

Several other hedge funds have also made changes to their positions in DINO. Bank & Trust Co lifted its position in HF Sinclair by 8.7% in the first quarter. Bank & Trust Co now owns 4,838 shares of the company’s stock valued at $159,000 after purchasing an additional 389 shares during the period. Merit Financial Group LLC lifted its position in HF Sinclair by 280.4% in the first quarter. Merit Financial Group LLC now owns 28,589 shares of the company’s stock valued at $940,000 after purchasing an additional 21,074 shares during the period. NBC Securities Inc. lifted its position in HF Sinclair by 118,633.3% in the first quarter. NBC Securities Inc. now owns 3,562 shares of the company’s stock valued at $117,000 after purchasing an additional 3,559 shares during the period. Sanders Morris Harris LLC acquired a new stake in HF Sinclair in the first quarter valued at about $250,000. Finally, GoalVest Advisory LLC acquired a new stake in HF Sinclair in the first quarter valued at about $368,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.5%

Shares of DINO opened at $35.60 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $32.08 and a 200-day simple moving average of $34.82. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $55.22. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 43.41 and a beta of 0.81.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping 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 business had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.72 billion. During the same period last year, the company posted $0.71 EPS. The company’s revenue was down 9.3% on a year-over-year basis. Equities analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.62%. HF Sinclair’s dividend payout ratio (DPR) is -259.74%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DINO. Morgan Stanley reduced their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Scotiabank reduced their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. TD Cowen raised their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, May 2nd. Mizuho upgraded shares of HF Sinclair from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company reduced their price target on shares of HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.