HF Sinclair Co. (NYSE:DINO) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC boosted its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 54.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,816,084 shares of the company's stock after purchasing an additional 997,629 shares during the period. AQR Capital Management LLC owned approximately 1.47% of HF Sinclair worth $147,873,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of HF Sinclair by 28.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 23,958 shares of the company's stock worth $1,331,000 after buying an additional 5,290 shares during the period. D.A. Davidson & CO. increased its stake in HF Sinclair by 6.5% in the 4th quarter. D.A. Davidson & CO. now owns 8,640 shares of the company's stock worth $480,000 after acquiring an additional 530 shares during the last quarter. Corient Private Wealth LLC raised its stake in HF Sinclair by 36.7% during the fourth quarter. Corient Private Wealth LLC now owns 32,375 shares of the company's stock valued at $1,799,000 after purchasing an additional 8,693 shares in the last quarter. Franklin Resources Inc. lifted its position in HF Sinclair by 95.5% during the fourth quarter. Franklin Resources Inc. now owns 249,412 shares of the company's stock valued at $13,860,000 after purchasing an additional 121,866 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of HF Sinclair by 16.4% in the 4th quarter. US Bancorp DE now owns 14,930 shares of the company's stock worth $830,000 after buying an additional 2,107 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

Shares of NYSE DINO traded up $0.30 during midday trading on Thursday, hitting $45.22. The stock had a trading volume of 3,295,165 shares, compared to its average volume of 2,039,622. The stock has a 50 day simple moving average of $47.35 and a 200-day simple moving average of $52.91. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $8.63 billion, a PE ratio of 5.69 and a beta of 1.18. HF Sinclair Co. has a 1 year low of $44.07 and a 1 year high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm had revenue of $7.85 billion during the quarter, compared to analysts' expectations 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 earnings per share. On average, sell-side analysts expect that HF Sinclair Co. will post 2.84 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared 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 was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.42%. HF Sinclair's dividend payout ratio (DPR) is presently 24.75%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DINO shares. Barclays upped their target price on shares of HF Sinclair from $51.00 to $53.00 and gave the company an "equal weight" rating in a research report on Monday, August 5th. Mizuho lowered their price objective on HF Sinclair from $55.00 to $53.00 and set a "neutral" rating for the company in a research note on Monday, September 16th. JPMorgan Chase & Co. raised their price target on HF Sinclair from $59.00 to $60.00 and gave the stock a "neutral" rating in a research report on Monday, August 19th. Morgan Stanley dropped their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Monday, September 16th. Finally, Argus raised shares of HF Sinclair to a "hold" rating in a research report on Wednesday, June 26th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.73.

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.