Westpac Banking Corp Grows Holdings in HF Sinclair Co. (NYSE:DINO)

Westpac Banking Corp grew its stake in HF Sinclair Co. (NYSE:DINO – Free Report) by 11.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 12,117 shares of the company’s stock after acquiring an additional 1,203 shares during the period. Westpac Banking Corp’s holdings in HF Sinclair were worth $586,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jump Financial LLC purchased a new stake in shares of HF Sinclair in the 1st quarter valued at approximately $7,408,000. TCI Wealth Advisors Inc. raised its stake in shares of HF Sinclair by 9.9% in the 1st quarter. TCI Wealth Advisors Inc. now owns 5,233 shares of the company’s stock valued at $253,000 after acquiring an additional 470 shares during the period. Van ECK Associates Corp raised its stake in shares of HF Sinclair by 19.8% in the 1st quarter. Van ECK Associates Corp now owns 43,143 shares of the company’s stock valued at $2,087,000 after acquiring an additional 7,124 shares during the period. AGF Management Ltd. raised its stake in shares of HF Sinclair by 17.0% in the 1st quarter. AGF Management Ltd. now owns 65,072 shares of the company’s stock valued at $3,148,000 after acquiring an additional 9,465 shares during the period. Finally, Barnett & Company Inc. purchased a new stake in shares of HF Sinclair in the 1st quarter valued at approximately $643,000. 90.82% of the stock is owned by hedge funds and other institutional investors.

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HF Sinclair Trading Down 1.4 %

NYSE DINO opened at $51.62 on Thursday. The company has a quick ratio of 1.00, a current ratio of 2.10 and a debt-to-equity ratio of 0.29. HF Sinclair Co. has a 52 week low of $37.12 and a 52 week high of $66.19. The stock has a market capitalization of $9.93 billion, a PE ratio of 3.54, a price-to-earnings-growth ratio of 2.16 and a beta of 1.40. The firm has a 50 day moving average of $45.84 and a two-hundred day moving average of $47.60.

HF Sinclair (NYSE:DINO – Get Free Report) last issued its earnings results on Thursday, May 4th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.52. HF Sinclair had a net margin of 8.13% and a return on equity of 32.56%. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $6.97 billion. During the same quarter in the prior year, the business posted $0.99 EPS. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, research analysts expect that HF Sinclair Co. will post 7.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Mizuho cut their target price on shares of HF Sinclair from $69.00 to $56.00 in a research note on Friday, May 19th. Wells Fargo & Company upped their target price on shares of HF Sinclair from $48.00 to $52.00 in a research note on Monday, July 10th. Piper Sandler upped their target price on shares of HF Sinclair from $57.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, July 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $70.00 target price on shares of HF Sinclair in a research note on Wednesday, July 19th. Finally, TD Cowen cut their target price on shares of HF Sinclair from $50.00 to $44.00 and set a “market perform” rating on the stock in a research note on Friday, May 5th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and a consensus price target of $59.00.

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About HF Sinclair

(Free Report)

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

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