Creative Planning Purchases 13,837 Shares of HF Sinclair Co. (NYSE:DINO)

Creative Planning grew its position in shares of HF Sinclair Co. (NYSE:DINO) by 41.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,419 shares of the company’s stock after purchasing an additional 13,837 shares during the quarter. Creative Planning’s holdings in HF Sinclair were worth $2,529,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Nordea Investment Management AB raised its stake in shares of HF Sinclair by 424.5% during the first quarter. Nordea Investment Management AB now owns 183,123 shares of the company’s stock worth $11,037,000 after acquiring 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 worth $1,012,184,000 after purchasing an additional 1,549,091 shares during the period. Cetera Advisors LLC bought a new stake in HF Sinclair in the first quarter worth $1,146,000. Oppenheimer & Co. Inc. grew its stake in shares of HF Sinclair by 99.4% during the first quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock valued at $2,287,000 after buying an additional 18,886 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of HF Sinclair during the first quarter valued at approximately $3,891,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Trading Down 2.0 %

NYSE DINO opened at $46.74 on Friday. HF Sinclair Co. has a 12 month low of $43.88 and a 12 month high of $64.16. 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’s fifty day moving average price is $46.89 and its 200-day moving average price is $52.28. The stock has a market cap of $8.98 billion, a P/E ratio of 5.78 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $7.85 billion during 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 business earned $2.60 EPS. As a group, equities analysts forecast that HF Sinclair Co. will post 2.84 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid 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 yield of 4.28%. HF Sinclair’s dividend payout ratio is 24.75%.

Wall Street Analyst Weigh In

A number of analysts recently commented on DINO shares. Wells Fargo & Company dropped their price target on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Mizuho cut their target price on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Piper Sandler decreased their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. BMO Capital Markets cut their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Barclays increased their target price on HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.82.

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.