HF Sinclair Co. (NYSE:DINO) Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC grew its holdings in HF Sinclair Co. (NYSE:DINO) by 93.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,978 shares of the company’s stock after acquiring an additional 5,309 shares during the quarter. AE Wealth Management LLC’s holdings in HF Sinclair were worth $586,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DINO. Nordea Investment Management AB lifted its position in HF Sinclair by 424.5% during the 1st quarter. Nordea Investment Management AB now owns 183,123 shares of the company’s stock worth $11,037,000 after acquiring an additional 148,208 shares during the period. Vanguard Group Inc. lifted its holdings in shares of HF Sinclair by 9.3% during the fourth quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after purchasing an additional 1,549,091 shares during the period. Cetera Advisors LLC purchased a new stake in HF Sinclair in the first quarter valued at approximately $1,146,000. Oppenheimer & Co. Inc. increased its holdings in HF Sinclair by 99.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock worth $2,287,000 after buying an additional 18,886 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in HF Sinclair during the 1st quarter worth approximately $3,891,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $45.22 on Friday. The company has a fifty day moving average of $47.35 and a two-hundred day moving average of $52.91. 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 capitalization of $8.63 billion, a PE ratio of 5.69 and a beta of 1.18. 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 (NYSE:DINO) last issued 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 net margin of 3.80% and a return on equity of 11.85%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period last year, the company posted $2.60 EPS. HF Sinclair’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts forecast that HF Sinclair Co. will post 2.84 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s payout ratio is 24.75%.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of research reports. Piper Sandler cut their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Argus upgraded HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Wolfe Research assumed coverage on HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, UBS Group lowered their price objective on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.