HF Sinclair Co. (NYSE:DINO) Stake Boosted by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lifted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 13.2% during the second quarter, Holdings Channel reports. The firm owned 135,829 shares of the company’s stock after buying an additional 15,875 shares during the period. Ensign Peak Advisors Inc’s holdings in HF Sinclair were worth $7,245,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Rise Advisors LLC acquired a new stake in HF Sinclair in the first quarter worth $26,000. Riverview Trust Co bought a new stake in HF Sinclair in the 1st quarter valued at about $31,000. Pingora Partners LLC acquired a new position in HF Sinclair during the 4th quarter valued at about $35,000. Innealta Capital LLC bought a new position in HF Sinclair in the 2nd quarter worth about $34,000. Finally, Quarry LP bought a new position in HF Sinclair in the 4th quarter worth about $39,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $44.92 on Thursday. HF Sinclair Co. has a 12-month low of $44.07 and a 12-month high of $64.16. The stock has a market capitalization of $8.57 billion, a P/E ratio of 5.56 and a beta of 1.18. The firm’s 50 day moving average is $47.44 and its 200-day moving average is $52.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97.

HF Sinclair (NYSE:DINO) 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. Equities research analysts anticipate that HF Sinclair Co. will post 2.84 EPS for the current fiscal 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 was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.45%. HF Sinclair’s dividend payout ratio is currently 24.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DINO shares. UBS Group reduced their price objective on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Morgan Stanley decreased their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Mizuho cut their price objective on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Barclays increased their target price on shares of HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Finally, Wolfe Research assumed coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

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.