Federated Hermes Inc. Reduces Stock Position in HF Sinclair Co. (NYSE:DINO)

Federated Hermes Inc. cut its holdings in HF Sinclair Co. (NYSE:DINO) by 22.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,251 shares of the company’s stock after selling 4,458 shares during the period. Federated Hermes Inc.’s holdings in HF Sinclair were worth $813,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Rise Advisors LLC purchased a new stake in HF Sinclair during the first quarter valued at approximately $26,000. Principal Securities Inc. purchased a new stake in HF Sinclair during the 4th quarter valued at $30,000. Riverview Trust Co bought a new stake in HF Sinclair in the first quarter worth $31,000. Innealta Capital LLC purchased a new position in HF Sinclair during the second quarter worth $34,000. Finally, Pingora Partners LLC purchased a new stake in shares of HF Sinclair in the fourth quarter valued at $35,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays lifted their price target on shares of HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Mizuho dropped their target price on HF Sinclair from $55.00 to $53.00 and set a “neutral” 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. JPMorgan Chase & Co. boosted their price objective on HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, Wolfe Research assumed coverage on HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.73.

HF Sinclair Trading Down 2.1 %

NYSE DINO opened at $46.25 on Monday. HF Sinclair Co. has a one year low of $44.07 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. 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’s 50-day simple moving average is $47.58 and its two-hundred day simple moving average is $53.13.

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. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. HF Sinclair’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $2.60 earnings per share. Equities analysts forecast that HF Sinclair Co. will post 3.69 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s payout ratio is currently 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.