Gotham Asset Management LLC Acquires 276,306 Shares of HF Sinclair Corporation $DINO

Gotham Asset Management LLC increased its stake in HF Sinclair Corporation (NYSE:DINO) by 68.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 679,788 shares of the company’s stock after acquiring an additional 276,306 shares during the period. Gotham Asset Management LLC’s holdings in HF Sinclair were worth $35,580,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $28,000. Johnson Financial Group Inc. purchased a new position in shares of HF Sinclair in the 2nd quarter worth approximately $33,000. State of Wyoming bought a new position in shares of HF Sinclair during the 2nd quarter valued at approximately $41,000. CI Investments Inc. raised its holdings in HF Sinclair by 20.0% during the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after buying an additional 187 shares during the period. Finally, Delos Wealth Advisors LLC purchased a new stake in HF Sinclair during the 2nd quarter valued at $70,000. 88.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Piper Sandler dropped their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Morgan Stanley set a $57.00 target price on shares of HF Sinclair in a research note on Thursday, February 19th. Barclays lowered their target price on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. Wall Street Zen downgraded shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $58.73.

HF Sinclair Stock Performance

DINO stock opened at $55.76 on Monday. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $59.33. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 18.16 and a beta of 0.83. The business’s fifty day simple moving average is $52.72 and its two-hundred day simple moving average is $51.94. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data 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. The company had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned ($1.02) EPS. Analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.50 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. HF Sinclair’s dividend payout ratio (DPR) is currently 65.15%.

HF Sinclair Company Profile

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.