Point72 Hong Kong Ltd Acquires New Position in HF Sinclair Co. (NYSE:DINO)

Point72 Hong Kong Ltd acquired a new position in HF Sinclair Co. (NYSE:DINO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,550 shares of the company's stock, valued at approximately $723,000.

Several other large investors also recently added to or reduced their stakes in DINO. Pacer Advisors Inc. boosted its stake in shares of 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 last quarter. Vanguard Group Inc. increased its position in HF Sinclair by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company's stock worth $1,012,184,000 after buying an additional 1,549,091 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of HF Sinclair by 15,066.7% in the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company's stock worth $40,168,000 after buying an additional 660,978 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new position in shares of HF Sinclair during the 2nd quarter valued at about $33,177,000. Finally, Squarepoint Ops LLC grew its stake in shares of HF Sinclair by 90.2% during the 2nd quarter. Squarepoint Ops LLC now owns 849,553 shares of the company's stock valued at $45,315,000 after acquiring an additional 402,793 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on DINO. Barclays lifted their price target on shares of HF Sinclair from $51.00 to $53.00 and gave the company an "equal weight" rating in a report on Monday, August 5th. UBS Group decreased their price target on HF Sinclair from $73.00 to $70.00 and set a "buy" rating on the stock in a report on Tuesday, August 13th. Wolfe Research began coverage on HF Sinclair in a research note on Thursday, July 18th. They issued a "peer perform" rating for the company. Mizuho decreased their target price on HF Sinclair from $55.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, September 16th. Finally, Piper Sandler dropped their price target on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a research note on Friday, September 20th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, HF Sinclair has a consensus rating of "Moderate Buy" and an average price target of $59.73.

HF Sinclair Trading Up 0.1 %

Shares of NYSE:DINO traded up $0.06 during trading on Friday, reaching $45.29. The company's stock had a trading volume of 1,989,466 shares, compared to its average volume of 2,039,355. The firm's 50 day simple moving average is $47.30 and its two-hundred day simple moving average is $52.86. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. HF Sinclair Co. has a 12 month low of $44.07 and a 12 month high of $64.16. The stock has a market capitalization of $8.64 billion, a PE ratio of 5.60 and a beta of 1.18.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same quarter in the prior year, the firm posted $2.60 EPS. HF Sinclair's quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts predict that HF Sinclair Co. will post 2.84 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Wednesday, August 21st. HF Sinclair's dividend payout ratio (DPR) is currently 24.75%.

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.