HF Sinclair Co. (NYSE:DINO) Stock Holdings Lifted by XTX Topco Ltd

XTX Topco Ltd lifted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 141.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,579 shares of the company’s stock after acquiring an additional 13,828 shares during the quarter. XTX Topco Ltd’s holdings in HF Sinclair were worth $1,258,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in HF Sinclair by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after buying an additional 1,549,091 shares during the period. Norges Bank acquired a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $65,774,000. Janus Henderson Group PLC lifted its position in shares of HF Sinclair by 15,066.7% in the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after acquiring an additional 660,978 shares in the last quarter. Ferguson Wellman Capital Management Inc. acquired a new position in HF Sinclair in the 2nd quarter worth approximately $33,177,000. Finally, Dimensional Fund Advisors LP grew its position in HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after purchasing an additional 399,988 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DINO. Morgan Stanley decreased their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Argus upgraded HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Barclays raised their price target on shares of HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Wolfe Research started coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $59.73.

HF Sinclair Trading Down 2.1 %

Shares of NYSE:DINO opened at $46.26 on Friday. HF Sinclair Co. has a 1 year low of $44.07 and a 1 year high of $64.16. The firm has a fifty day moving average price of $47.58 and a 200 day moving average price of $53.17. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $8.89 billion, a PE ratio of 5.73 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 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $7.65 billion. During the same quarter in the prior year, the firm posted $2.60 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Analysts expect that HF Sinclair Co. will post 3.69 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s payout ratio is 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.