Symmetry Investments LP Takes Position in HF Sinclair Co. (NYSE:DINO)

Symmetry Investments LP purchased a new position in shares of HF Sinclair Co. (NYSE:DINO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,116 shares of the company’s stock, valued at approximately $273,000.

A number of other hedge funds have also recently added to or reduced their stakes in DINO. Nordea Investment Management AB boosted its position in shares of HF Sinclair by 424.5% during the 1st quarter. Nordea Investment Management AB now owns 183,123 shares of the company’s stock worth $11,037,000 after purchasing an additional 148,208 shares in the last quarter. Vanguard Group Inc. grew its position in HF Sinclair by 9.3% during the fourth 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. Cetera Advisors LLC purchased a new position in HF Sinclair in the first quarter valued at about $1,146,000. Oppenheimer & Co. Inc. lifted its position in shares of HF Sinclair by 99.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock valued at $2,287,000 after acquiring an additional 18,886 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of HF Sinclair during the 1st quarter worth approximately $3,891,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of several research analyst reports. Mizuho dropped their price objective on HF Sinclair from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Argus raised HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Piper Sandler lowered their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday. Barclays lifted their target price on shares of HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average price target of $59.73.

HF Sinclair Stock Performance

Shares of DINO opened at $46.25 on Friday. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 5.72 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. HF Sinclair Co. has a 1 year low of $44.07 and a 1 year high of $64.16. The company’s 50 day simple moving average is $47.58 and its 200 day simple moving average is $53.15.

HF Sinclair (NYSE:DINO) last announced 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 during the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter in the previous year, the business earned $2.60 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts predict that HF Sinclair Co. will post 3.69 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were issued 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 dividend yield of 4.32%. HF Sinclair’s payout ratio is currently 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.