Commonwealth Equity Services LLC Increases Stock Position in HF Sinclair Co. (NYSE:DINO)

Commonwealth Equity Services LLC grew its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 40.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,964 shares of the company’s stock after acquiring an additional 9,168 shares during the quarter. Commonwealth Equity Services LLC’s holdings in HF Sinclair were worth $1,705,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DINO. International Assets Investment Management LLC bought a new position in shares of HF Sinclair in the fourth quarter worth approximately $408,000. Private Advisor Group LLC boosted its holdings in HF Sinclair by 146.1% in the fourth quarter. Private Advisor Group LLC now owns 5,954 shares of the company’s stock valued at $331,000 after acquiring an additional 18,866 shares in the last quarter. Principal Securities Inc. bought a new stake in HF Sinclair in the fourth quarter valued at $30,000. QRG Capital Management Inc. boosted its holdings in HF Sinclair by 13.7% in the fourth quarter. QRG Capital Management Inc. now owns 6,492 shares of the company’s stock valued at $361,000 after acquiring an additional 780 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in HF Sinclair by 0.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,703 shares of the company’s stock valued at $4,688,000 after acquiring an additional 275 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Trading Up 2.2 %

HF Sinclair stock opened at $45.19 on Friday. The business has a 50-day simple moving average of $47.79 and a two-hundred day simple moving average of $53.47. The company has a market cap of $8.62 billion, a P/E ratio of 5.59 and a beta of 1.18. HF Sinclair Co. has a 52-week low of $44.07 and a 52-week high of $64.16. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (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 firm’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $2.60 EPS. Analysts predict that HF Sinclair Co. will post 3.69 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is currently 24.75%.

Analyst Upgrades and Downgrades

Several brokerages have commented on DINO. Piper Sandler lowered their price objective on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Barclays raised their price objective on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Argus raised HF Sinclair to a “hold” rating in a research report on Wednesday, June 26th. Wells Fargo & Company lowered their price target on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. lifted 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

HF Sinclair Company 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.