Byrne Asset Management LLC Invests $35,000 in HF Sinclair Co. (NYSE:DINO)

Byrne Asset Management LLC acquired a new stake in HF Sinclair Co. (NYSE:DINO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,073 shares of the company’s stock, valued at approximately $35,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Southeastern Asset Management Inc. TN purchased a new position in HF Sinclair in the 4th quarter valued at about $96,344,000. Balyasny Asset Management L.P. lifted its holdings in HF Sinclair by 645.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock valued at $64,525,000 after purchasing an additional 1,593,875 shares in the last quarter. Norges Bank purchased a new position in HF Sinclair in the 4th quarter valued at about $41,317,000. Thompson Siegel & Walmsley LLC lifted its holdings in HF Sinclair by 114.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock valued at $74,116,000 after purchasing an additional 1,126,825 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock valued at $110,025,000 after purchasing an additional 1,096,485 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Trading Up 1.1%

NYSE DINO opened at $39.08 on Friday. HF Sinclair Co. has a one year low of $24.66 and a one year high of $54.48. The company’s 50 day moving average price is $33.28 and its 200 day moving average price is $34.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of 47.66 and a beta of 0.90.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating the consensus estimate 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 last year, the firm posted $0.71 earnings per share. HF Sinclair’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, sell-side analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

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 annualized dividend and a yield of 5.12%. The ex-dividend date was Thursday, May 15th. HF Sinclair’s dividend payout ratio (DPR) is -259.74%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DINO shares. Mizuho upgraded shares of HF Sinclair from a “neutral” rating to an “outperform” rating and upped their target price for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Barclays increased their price objective on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Wells Fargo & Company increased their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday. TD Cowen increased their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a report on Friday, May 2nd. Finally, Morgan Stanley cut their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.70.

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.