HF Sinclair Co. (NYSE:DINO) Shares Bought by Swiss National Bank

Posted by Defense World Staff on May 11th, 2023

Swiss National Bank grew its holdings in shares of HF Sinclair Co. (NYSE:DINO – Get Rating) by 78.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 660,600 shares of the company’s stock after purchasing an additional 290,100 shares during the period. Swiss National Bank owned 0.33% of HF Sinclair worth $34,279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Russell Investments Group Ltd. grew its position in shares of HF Sinclair by 1.4% during the fourth quarter. Russell Investments Group Ltd. now owns 268,042 shares of the company’s stock worth $13,840,000 after acquiring an additional 3,617 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of HF Sinclair by 215.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 16,635 shares of the company’s stock worth $863,000 after acquiring an additional 11,369 shares during the last quarter. Arizona State Retirement System grew its position in shares of HF Sinclair by 8.4% during the fourth quarter. Arizona State Retirement System now owns 46,034 shares of the company’s stock worth $2,389,000 after acquiring an additional 3,570 shares during the last quarter. Gibson Wealth Advisors LLC grew its position in shares of HF Sinclair by 6,200.0% during the fourth quarter. Gibson Wealth Advisors LLC now owns 12,096 shares of the company’s stock worth $696,000 after acquiring an additional 11,904 shares during the last quarter. Finally, Precision Wealth Strategies LLC bought a new position in shares of HF Sinclair during the fourth quarter worth about $301,000. 87.69% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of DINO opened at $40.50 on Thursday. The firm’s 50 day moving average is $46.32 and its 200-day moving average is $52.44. The stock has a market capitalization of $7.95 billion, a P/E ratio of 2.78, a P/E/G ratio of 2.40 and a beta of 1.42. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.08 and a quick ratio of 1.09. HF Sinclair Co. has a 12-month low of $37.12 and a 12-month high of $66.19.

HF Sinclair (NYSE:DINO – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.52. HF Sinclair had a net margin of 8.13% and a return on equity of 32.69%. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $6.97 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that HF Sinclair Co. will post 8.45 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 18th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.44%. The ex-dividend date of this dividend is Wednesday, May 17th. HF Sinclair’s payout ratio is 12.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wells Fargo & Company upgraded shares of HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 price target for the company in a research report on Thursday, March 16th. TD Cowen decreased their target price on shares of HF Sinclair from $50.00 to $44.00 and set a “market perform” rating for the company in a research report on Friday, May 5th. UBS Group started coverage on shares of HF Sinclair in a research report on Wednesday, March 8th. They issued a “neutral” rating and a $58.00 target price for the company. Finally, JPMorgan Chase & Co. increased their target price on shares of HF Sinclair from $55.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, March 28th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $61.67.

Insiders Place Their Bets

In other HF Sinclair news, major shareholder Carol Orme Holding sold 4,000,000 shares of the firm’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $47.59, for a total value of $190,360,000.00. Following the completion of the transaction, the insider now directly owns 34,853,483 shares in the company, valued at $1,658,677,255.97. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Michael Jennings sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the completion of the sale, the chief executive officer now directly owns 182,859 shares in the company, valued at $9,336,780.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Carol Orme Holding sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 30th. The stock was sold at an average price of $47.59, for a total transaction of $190,360,000.00. Following the sale, the insider now owns 34,853,483 shares of the company’s stock, valued at $1,658,677,255.97. The disclosure for this sale can be found here. Corporate insiders own 0.26% of the company’s stock.

HF Sinclair Company Profile

(Get Rating)

HF Sinclair Corp. is an independent energy company. It manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt. The company operates through five segments: Refining, Marketing, Renewables, Lubricants and Specialty Products, and Midstream.