HF Sinclair Co. (NYSE:DINO) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC raised its position in HF Sinclair Co. (NYSE:DINO) by 20.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 12,903 shares of the company’s stock after acquiring an additional 2,200 shares during the quarter. First Eagle Investment Management LLC’s holdings in HF Sinclair were worth $688,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Rise Advisors LLC purchased a new position in shares of HF Sinclair in the 1st quarter valued at about $26,000. Principal Securities Inc. purchased a new position in shares of HF Sinclair in the 4th quarter valued at about $30,000. Riverview Trust Co purchased a new position in shares of HF Sinclair in the 1st quarter valued at about $31,000. Innealta Capital LLC purchased a new position in shares of HF Sinclair in the 2nd quarter valued at about $34,000. Finally, Pingora Partners LLC purchased a new position in shares of HF Sinclair in the 4th quarter valued at about $35,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on DINO. Mizuho decreased their price objective on HF Sinclair from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Wells Fargo & Company decreased their target price on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Wolfe Research began coverage on HF Sinclair in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Piper Sandler decreased their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday. Finally, UBS Group decreased their target price on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.73.

HF Sinclair Trading Down 2.1 %

Shares of DINO stock opened at $46.25 on Friday. HF Sinclair Co. has a fifty-two week low of $44.07 and a fifty-two week high of $64.16. The stock has a market cap of $8.89 billion, a P/E ratio of 5.72 and a beta of 1.18. The business has a fifty day simple moving average of $47.58 and a 200-day simple moving average of $53.15. 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 results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter last year, the business posted $2.60 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, analysts forecast that HF Sinclair Co. will post 3.69 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.32%. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

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.