DRW Securities LLC Purchases New Position in HF Sinclair Co. (NYSE:DINO)

DRW Securities LLC acquired a new position in HF Sinclair Co. (NYSE:DINO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 45,000 shares of the company’s stock, valued at approximately $2,383,000.

Several other institutional investors also recently bought and sold shares of DINO. Unison Advisors LLC grew its position in shares of HF Sinclair by 0.8% during the 1st quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock worth $1,298,000 after buying an additional 179 shares in the last quarter. Capital Advisors Wealth Management LLC grew its holdings in HF Sinclair by 2.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock worth $491,000 after acquiring an additional 190 shares in the last quarter. Poehling Capital Management INC. increased its position in HF Sinclair by 0.3% during the 1st quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock valued at $3,989,000 after purchasing an additional 203 shares during the period. Empirical Finance LLC raised its holdings in shares of HF Sinclair by 1.2% in the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after purchasing an additional 228 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of HF Sinclair by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after purchasing an additional 267 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Down 2.1 %

DINO stock opened at $46.25 on Friday. The stock has a market capitalization of $8.89 billion, a PE ratio of 5.72 and a beta of 1.18. HF Sinclair Co. has a 52 week low of $44.07 and a 52 week high of $64.16. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $47.58 and a 200 day moving average of $53.15.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period in the previous year, the firm posted $2.60 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts forecast that HF Sinclair Co. will post 3.69 earnings per share for the current 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 issued 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 was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is presently 24.75%.

Analysts Set New Price Targets

A number of brokerages recently commented on DINO. Wolfe Research initiated coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Wells Fargo & Company reduced their price target on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. 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 research report on Friday. Barclays boosted their target price 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. Finally, Mizuho lowered their price target on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.73.

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.