Vest Financial LLC boosted its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 55.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,319 shares of the company's stock after purchasing an additional 11,519 shares during the quarter. Vest Financial LLC's holdings in HF Sinclair were worth $1,440,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in DINO. Matrix Trust Co grew its holdings in shares of HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company's stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Riverview Trust Co bought a new position in HF Sinclair during the 1st quarter worth $31,000. Innealta Capital LLC acquired a new stake in HF Sinclair in the second quarter worth $34,000. Massmutual Trust Co. FSB ADV lifted its stake in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock valued at $37,000 after buying an additional 370 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of HF Sinclair by 201.0% during the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company's stock valued at $71,000 after acquiring an additional 782 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.
HF Sinclair Price Performance
Shares of NYSE DINO traded down $0.36 during midday trading on Monday, reaching $43.92. The company's stock had a trading volume of 1,497,449 shares, compared to its average volume of 2,029,010. HF Sinclair Co. has a one year low of $43.17 and a one year high of $64.16. The company has a market cap of $8.44 billion, a price-to-earnings ratio of 5.44 and a beta of 1.16. The company has a 50 day moving average price of $46.20 and a 200 day moving average price of $50.96. 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 (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.06. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.60 EPS. On average, equities research analysts expect that HF Sinclair Co. will post 2.65 EPS for the current year.
HF Sinclair Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.55%. HF Sinclair's dividend payout ratio is currently 24.75%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Wells Fargo & Company cut their target price on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 9th. Mizuho reduced their price target on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. Scotiabank lowered their price target on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. Finally, Barclays cut their price objective on shares of HF Sinclair from $53.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $55.82.
Read Our Latest Research Report on DINO
About HF Sinclair
(
Free Report)
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.
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