HF Sinclair Corporation $DINO Shares Sold by Ethic Inc.

Ethic Inc. cut its position in shares of HF Sinclair Corporation (NYSE:DINO) by 41.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,277 shares of the company’s stock after selling 43,105 shares during the quarter. Ethic Inc.’s holdings in HF Sinclair were worth $6,576,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of HF Sinclair during the 2nd quarter worth $1,291,602,000. Dimensional Fund Advisors LP grew its position in HF Sinclair by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock worth $577,114,000 after acquiring an additional 103,135 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in HF Sinclair in the 2nd quarter worth approximately $140,654,000. NFJ Investment Group LLC purchased a new position in shares of HF Sinclair in the second quarter worth $97,422,000. Finally, Bank of America Corp DE bought a new position in shares of HF Sinclair during the second quarter valued at approximately $89,846,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

Shares of NYSE:DINO opened at $99.82 on Tuesday. HF Sinclair Corporation has a 52 week low of $45.71 and a 52 week high of $129.37. The company has a quick ratio of 1.40, a current ratio of 2.27 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $112.80 and a two-hundred day simple moving average of $79.84. The stock has a market capitalization of $17.11 billion, a P/E ratio of 5.52 and a beta of 0.73.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 earnings per share for the quarter, beating analysts’ consensus estimates of $7.83 by $3.92. HF Sinclair had a net margin of 10.12% and a return on equity of 32.95%. The business had revenue of $10.86 billion for the quarter, compared to analysts’ expectations of $8.89 billion. During the same quarter in the previous year, the business posted $2.44 earnings per share. The business’s revenue was up 49.7% compared to the same quarter last year. On average, analysts expect that HF Sinclair Corporation will post 22.32 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.5250 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. HF Sinclair’s payout ratio is 10.65%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DINO shares. Mizuho raised their target price on shares of HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Raymond James Financial set a $150.00 price objective on HF Sinclair in a research report on Wednesday, October 28th. Morgan Stanley lifted their price target on shares of HF Sinclair from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. TD Cowen boosted their target price on shares of HF Sinclair from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Finally, UBS Group boosted their price target on HF Sinclair from $126.00 to $133.00 and gave the company a “buy” rating in a research note on Saturday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

About HF Sinclair

HF Sinclair Corporation is an energy company that refines crude oil and sells fuels and other petroleum products. Its offerings include gasoline, diesel, jet fuel, asphalt, and specialty products such as lubricants and chemicals.

The company also operates midstream businesses, including pipelines, terminals, and other infrastructure that support the transportation and storage of crude oil and refined products. Its operations include renewable fuels, and its products are marketed under brands that include Sinclair.

HF Sinclair was formed in 2022 through the combination of HollyFrontier Corporation and Sinclair Oil Corporation.