Invst LLC Raises Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Invst LLC grew its stake in HF Sinclair Co. (NYSE:DINO) by 26.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,206 shares of the company’s stock after purchasing an additional 1,100 shares during the period. Invst LLC’s holdings in HF Sinclair were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of HF Sinclair by 3.8% in the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after purchasing an additional 696,031 shares during the period. Pacer Advisors Inc. increased its holdings in shares of HF Sinclair by 58.3% in the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after purchasing an additional 2,868,273 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of HF Sinclair by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after purchasing an additional 399,988 shares during the period. AQR Capital Management LLC increased its holdings in shares of HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after purchasing an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in shares of HF Sinclair by 15.3% in the second quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock valued at $80,131,000 after purchasing an additional 199,881 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DINO. Mizuho dropped their target price on HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. upped their price objective on HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Piper Sandler dropped their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Wolfe Research started coverage on HF Sinclair in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Morgan Stanley dropped their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $59.73.

HF Sinclair Stock Down 1.6 %

Shares of NYSE:DINO opened at $44.58 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. HF Sinclair Co. has a 52-week low of $44.07 and a 52-week high of $64.16. The stock’s fifty day simple moving average is $47.16 and its 200-day simple moving average is $52.62. The company has a market capitalization of $8.57 billion, a P/E ratio of 5.52 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same period in the prior year, the business earned $2.60 earnings per share. The business’s revenue was up .2% on a year-over-year basis. As a group, equities research analysts forecast that HF Sinclair Co. will post 2.84 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.49%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

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.