Oppenheimer & Co. Inc. raised its stake in shares of HF Sinclair Co. (NYSE:DINO – Get Rating) by 215.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,635 shares of the company’s stock after buying an additional 11,369 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in HF Sinclair were worth $863,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of DINO. Arizona State Retirement System lifted its stake in shares of HF Sinclair by 8.4% during the 4th quarter. Arizona State Retirement System now owns 46,034 shares of the company’s stock worth $2,389,000 after purchasing an additional 3,570 shares during the period. Gibson Wealth Advisors LLC lifted its stake in shares of HF Sinclair by 6,200.0% during the 4th quarter. Gibson Wealth Advisors LLC now owns 12,096 shares of the company’s stock worth $696,000 after purchasing an additional 11,904 shares during the period. Precision Wealth Strategies LLC purchased a new position in shares of HF Sinclair during the 4th quarter worth $301,000. AlphaCentric Advisors LLC lifted its stake in shares of HF Sinclair by 123.9% during the 4th quarter. AlphaCentric Advisors LLC now owns 4,494 shares of the company’s stock worth $233,000 after purchasing an additional 2,487 shares during the period. Finally, Metis Global Partners LLC purchased a new position in shares of HF Sinclair during the 4th quarter worth $210,000. Institutional investors and hedge funds own 87.69% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on DINO shares. UBS Group started coverage on HF Sinclair in a research note on Wednesday, March 8th. They set a “neutral” rating and a $58.00 price target on the stock. JPMorgan Chase & Co. increased their target price on HF Sinclair from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 28th. TD Cowen cut their target price on HF Sinclair from $50.00 to $44.00 and set a “market perform” rating on the stock in a research report on Friday, May 5th. Finally, Wells Fargo & Company raised HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 target price on the stock in a research report on Thursday, March 16th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.67.
Insider Activity
HF Sinclair Stock Down 1.0 %
Shares of HF Sinclair stock opened at $40.11 on Friday. The business has a 50-day moving average of $46.08 and a 200-day moving average of $52.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.08 and a quick ratio of 1.09. The company has a market capitalization of $7.87 billion, a PE ratio of 2.75, a P/E/G ratio of 2.40 and a beta of 1.42. HF Sinclair Co. has a 1-year low of $37.12 and a 1-year high of $66.19.
HF Sinclair (NYSE:DINO – Get Rating) last announced its earnings results on Thursday, May 4th. The company reported $2.00 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.52. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $6.97 billion. HF Sinclair had a return on equity of 32.69% and a net margin of 8.13%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. As a group, equities analysts forecast that HF Sinclair Co. will post 8.45 EPS for the current fiscal year.
HF Sinclair Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $1.80 annualized dividend and a dividend yield of 4.49%. HF Sinclair’s dividend payout ratio is presently 12.34%.
HF Sinclair Company Profile
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.
Featured Stories
- Get a free copy of the StockNews.com research report on HF Sinclair (DINO)
- Thinking Of Buying The Dip On JD.com? Consider This First
- Wynn Resorts: A Winning Bet for 2023
- A Royally Good Time To Buy The Walt Disney Company
- 3 Surprising Stocks Leading Growth Over Value
- Copa Holdings Is Looking For A Comeback, Its Dividend Agrees
Receive News & Ratings for HF Sinclair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HF Sinclair and related companies with MarketBeat.com's FREE daily email newsletter.
