Kornitzer Capital Management Inc. KS Boosts Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Kornitzer Capital Management Inc. KS boosted its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 17.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,605 shares of the company's stock after purchasing an additional 36,970 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.13% of HF Sinclair worth $11,214,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pacer Advisors Inc. grew its holdings in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company's stock worth $415,249,000 after acquiring an additional 2,868,273 shares during the period. AQR Capital Management LLC grew its holdings in HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock worth $147,873,000 after acquiring an additional 997,629 shares during the period. Vanguard Group Inc. grew its stake in shares of HF Sinclair by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company's stock valued at $1,141,633,000 after buying an additional 696,031 shares during the period. Janus Henderson Group PLC grew its stake in shares of HF Sinclair by 15,066.7% in the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company's stock valued at $40,168,000 after buying an additional 660,978 shares during the period. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in shares of HF Sinclair in the 2nd quarter valued at about $33,177,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on DINO shares. Wolfe Research started coverage on HF Sinclair in a research note on Thursday, July 18th. They issued a "peer perform" rating for the company. Mizuho reduced their target price on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. Scotiabank dropped their price target on shares of HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. UBS Group dropped their price target on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Morgan Stanley dropped their price target on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.45.

HF Sinclair Stock Performance

Shares of DINO stock traded up $0.28 during trading hours on Friday, hitting $41.81. 1,533,567 shares of the company were exchanged, compared to its average volume of 2,039,445. HF Sinclair Co. has a 52-week low of $38.25 and a 52-week high of $64.16. The stock has a market capitalization of $7.87 billion, a price-to-earnings ratio of 25.64 and a beta of 1.18. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $44.65 and a 200 day simple moving average of $49.48.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same period in the previous year, the business earned $4.06 EPS. HF Sinclair's revenue was down 19.1% compared to the same quarter last year. Research analysts predict that HF Sinclair Co. will post 2.34 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.78%. HF Sinclair's dividend payout ratio (DPR) is currently 123.46%.

Insider Activity

In other news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now directly owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.28% of the company's stock.

HF Sinclair Profile

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.