Bfsg LLC Makes New $1.86 Million Investment in HF Sinclair Co. (NYSE:DINO)

Bfsg LLC purchased a new position in HF Sinclair Co. (NYSE:DINO - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 41,731 shares of the company's stock, valued at approximately $1,860,000.

Several other institutional investors have also modified their holdings of the company. Unison Advisors LLC increased its position in HF Sinclair by 0.8% in the 1st quarter. Unison Advisors LLC now owns 21,496 shares of the company's stock valued at $1,298,000 after acquiring an additional 179 shares during the period. Capital Advisors Wealth Management LLC increased its position in HF Sinclair by 2.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company's stock worth $491,000 after purchasing an additional 190 shares during the period. Poehling Capital Management INC. increased its position in HF Sinclair by 0.3% during the 1st quarter. Poehling Capital Management INC. now owns 66,079 shares of the company's stock worth $3,989,000 after purchasing an additional 203 shares during the period. Empirical Finance LLC increased its position in HF Sinclair by 1.2% during the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company's stock worth $1,029,000 after purchasing an additional 228 shares during the period. Finally, Fifth Third Bancorp increased its position in HF Sinclair by 6.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company's stock worth $227,000 after purchasing an additional 267 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded down $0.06 on Friday, hitting $44.26. 1,519,163 shares of the company were exchanged, compared to its average volume of 2,031,642. The company's 50 day moving average price is $46.26 and its two-hundred day moving average price is $51.24. HF Sinclair Co. has a one year low of $43.17 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 5.48 and a beta of 1.16.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period in the previous year, the business earned $2.60 earnings per share. The company's revenue for the quarter was up .2% compared to the same quarter last year. Research analysts expect that HF Sinclair Co. will post 2.65 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.52%. HF Sinclair's dividend payout ratio is currently 24.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Mizuho lowered their price target on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. UBS Group reduced their target price on HF Sinclair from $73.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th. Argus raised HF Sinclair to a "hold" rating in a research note on Wednesday, June 26th. JPMorgan Chase & Co. reduced their price target on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 2nd. Finally, Wolfe Research started coverage on HF Sinclair in a research report on Thursday, July 18th. They issued a "peer perform" rating on the stock. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, HF Sinclair presently has an average rating of "Moderate Buy" and an average target price of $55.82.

About HF Sinclair

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.