HF Sinclair Co. (NYSE:DINO) Holdings Lifted by American Century Companies Inc.

American Century Companies Inc. boosted its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 28.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 250,462 shares of the company’s stock after acquiring an additional 55,689 shares during the quarter. American Century Companies Inc. owned 0.13% of HF Sinclair worth $13,360,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Rise Advisors LLC acquired a new stake in HF Sinclair during the first quarter valued at $26,000. Riverview Trust Co bought a new stake in shares of HF Sinclair in the 1st quarter valued at approximately $31,000. Principal Securities Inc. acquired a new position in HF Sinclair in the fourth quarter worth approximately $30,000. Pingora Partners LLC bought a new position in HF Sinclair during the fourth quarter valued at approximately $35,000. Finally, Innealta Capital LLC acquired a new stake in HF Sinclair in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Down 2.1 %

DINO opened at $46.25 on Friday. HF Sinclair Co. has a 1-year low of $44.07 and a 1-year high of $64.16. The business has a 50 day moving average of $47.58 and a 200-day moving average of $53.15. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 5.72 and a beta of 1.18. 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) last posted its quarterly earnings results 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 company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $2.60 EPS. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 3.69 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.32%. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Mizuho cut their price target on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. UBS Group cut their target price on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Argus upgraded HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Piper Sandler cut their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their target price on HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.73.

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.