Blue Trust Inc. Increases Stock Position in HF Sinclair Co. (NYSE:DINO)

Blue Trust Inc. grew its stake in HF Sinclair Co. (NYSE:DINO) by 48.4% during the third quarter, Holdings Channel.com reports. The fund owned 4,589 shares of the company’s stock after acquiring an additional 1,497 shares during the period. Blue Trust Inc.’s holdings in HF Sinclair were worth $205,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in HF Sinclair by 3.8% during the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after purchasing an additional 696,031 shares in the last quarter. Pacer Advisors Inc. lifted its stake in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after acquiring an additional 2,868,273 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after acquiring an additional 399,988 shares during the period. AQR Capital Management LLC grew its position in HF Sinclair by 54.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after acquiring an additional 997,629 shares in the last quarter. Finally, AustralianSuper Pty Ltd increased its stake in HF Sinclair by 15.3% during the second quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock worth $80,131,000 after purchasing an additional 199,881 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Trading Up 0.3 %

DINO opened at $43.02 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. HF Sinclair Co. has a one year low of $42.42 and a one year high of $64.16. The company has a market cap of $8.27 billion, a P/E ratio of 5.29 and a beta of 1.16. The business’s 50-day simple moving average is $45.96 and its 200-day simple moving average is $50.71.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating 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 firm’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.60 earnings per share. As a group, equities research analysts expect that HF Sinclair Co. will post 2.65 EPS for the current fiscal 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 paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.65%. HF Sinclair’s dividend payout ratio is presently 24.75%.

Wall Street Analysts Forecast Growth

DINO has been the subject of several recent research reports. BMO Capital Markets lowered their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Mizuho dropped their price target on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Wolfe Research began coverage on HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Piper Sandler cut their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $55.82.

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.