Clearbridge Investments LLC Has $16.87 Million Holdings in HF Sinclair Co. (NYSE:DINO)

Clearbridge Investments LLC trimmed its position in shares of HF Sinclair Co. (NYSE:DINO) by 2.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 316,210 shares of the company’s stock after selling 7,814 shares during the quarter. Clearbridge Investments LLC owned 0.16% of HF Sinclair worth $16,867,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nordea Investment Management AB increased its holdings in 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. raised its position in HF Sinclair by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock valued at $1,012,184,000 after buying an additional 1,549,091 shares during the last quarter. Cetera Advisors LLC purchased a new stake in HF Sinclair in the 1st quarter valued at $1,146,000. Oppenheimer & Co. Inc. lifted its stake in 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 in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in HF Sinclair during the 1st quarter worth $3,891,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on DINO. Piper Sandler dropped their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Wells Fargo & Company cut their price target on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Argus upgraded shares of HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. 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, BMO Capital Markets decreased their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.82.

HF Sinclair Stock Performance

Shares of DINO opened at $46.74 on Friday. 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 stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 5.78 and a beta of 1.16. HF Sinclair Co. has a 52-week low of $43.88 and a 52-week high of $64.16. The stock’s 50-day simple moving average is $46.89 and its 200 day simple moving average is $52.34.

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

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.28%. HF Sinclair’s dividend payout ratio (DPR) is presently 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.