PNC Financial Services Group Inc. Has $1.33 Million Stock Holdings in HF Sinclair Co. (NYSE:DINO)

PNC Financial Services Group Inc. increased its position in shares of HF Sinclair Co. (NYSE:DINO) by 28.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,958 shares of the company’s stock after buying an additional 5,290 shares during the quarter. PNC Financial Services Group Inc.’s holdings in HF Sinclair were worth $1,331,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Principal Securities Inc. bought a new position in HF Sinclair during the fourth quarter worth about $30,000. North Star Investment Management Corp. lifted its stake in HF Sinclair by 4,990.9% during the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after purchasing an additional 549 shares during the period. Pingora Partners LLC bought a new position in HF Sinclair during the fourth quarter worth about $35,000. Baystate Wealth Management LLC bought a new position in HF Sinclair during the fourth quarter worth about $37,000. Finally, Quarry LP bought a new position in HF Sinclair during the fourth quarter worth about $39,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Franklin Myers purchased 6,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $57.37 per share, with a total value of $372,905.00. Following the acquisition, the director now directly owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays assumed coverage on shares of HF Sinclair in a research note on Monday, February 26th. They issued an “equal weight” rating and a $60.00 target price for the company. Scotiabank lifted their target price on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Mizuho cut their target price on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday. Piper Sandler cut their target price on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Finally, Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and lifted their target price for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus target price of $64.75.

HF Sinclair Price Performance

DINO opened at $53.35 on Friday. The company has a fifty day moving average price of $55.34 and a two-hundred day moving average price of $56.47. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. HF Sinclair Co. has a 52 week low of $42.00 and a 52 week high of $64.16. The firm has a market capitalization of $10.25 billion, a PE ratio of 6.60 and a beta of 1.25.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The firm had revenue of $7.03 billion during the quarter, compared to analyst estimates of $7.54 billion. During the same quarter in the previous year, the business earned $2.00 EPS. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, analysts anticipate that HF Sinclair Co. will post 5.6 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Tuesday, May 21st. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

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.