HF Sinclair Corporation $DINO Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC decreased its position in HF Sinclair Corporation (NYSE:DINO) by 18.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 418,509 shares of the company’s stock after selling 97,266 shares during the period. Kennedy Capital Management LLC’s holdings in HF Sinclair were worth $21,905,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of HF Sinclair by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after buying an additional 560,194 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in HF Sinclair by 5.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock valued at $255,764,000 after acquiring an additional 298,735 shares during the period. Geode Capital Management LLC increased its position in HF Sinclair by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company’s stock valued at $118,969,000 after acquiring an additional 27,548 shares during the period. Invesco Ltd. raised its stake in HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after acquiring an additional 994,090 shares in the last quarter. Finally, Encompass Capital Advisors LLC bought a new stake in HF Sinclair during the 2nd quarter valued at $70,437,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Price Performance

NYSE:DINO traded down $0.89 during trading hours on Friday, reaching $56.40. 198,763 shares of the company’s stock were exchanged, compared to its average volume of 3,066,420. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $10.17 billion, a P/E ratio of 18.44 and a beta of 0.83. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $59.33. The business’s 50-day simple moving average is $52.54 and its two-hundred day simple moving average is $51.86.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.37. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The company had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the prior year, the company earned ($1.02) earnings per share. The firm’s revenue was down .6% on a year-over-year basis. Sell-side analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, March 2nd. HF Sinclair’s dividend payout ratio is currently 65.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DINO. Mizuho increased their price target on HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. BMO Capital Markets decreased their target price on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. TD Cowen raised their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, February 19th. Barclays dropped their price target on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Finally, Wall Street Zen lowered shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $58.73.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.