Magnetar Financial LLC Invests $1.55 Million in HF Sinclair Corporation $DINO

Magnetar Financial LLC acquired a new stake in HF Sinclair Corporation (NYSE:DINO) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 29,680 shares of the company’s stock, valued at approximately $1,553,000.

Other large investors have also added to or reduced their stakes in the company. Convergence Investment Partners LLC bought a new stake in HF Sinclair during the 3rd quarter worth approximately $1,408,000. Charles Schwab Investment Management Inc. raised its stake in shares of HF Sinclair by 5.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock valued at $255,764,000 after acquiring an additional 298,735 shares during the last quarter. Citigroup Inc. raised its stake in shares of HF Sinclair by 41.4% during the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock valued at $23,298,000 after acquiring an additional 130,338 shares during the last quarter. RWC Asset Management LLP lifted its holdings in shares of HF Sinclair by 30.3% during the third quarter. RWC Asset Management LLP now owns 143,634 shares of the company’s stock worth $7,518,000 after purchasing an additional 33,394 shares during the period. Finally, Diversified Trust Co lifted its holdings in shares of HF Sinclair by 211.5% during the third quarter. Diversified Trust Co now owns 45,509 shares of the company’s stock worth $2,382,000 after purchasing an additional 30,901 shares during the period. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Wall Street Zen downgraded HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Argus raised HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Mizuho upped their price target on HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. BMO Capital Markets decreased their price target on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Finally, Barclays lowered their price objective on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Hold” and an average target price of $58.73.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $57.30 on Friday. The business has a 50-day moving average price of $52.54 and a two-hundred day moving average price of $51.86. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $59.33. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. The company has a market cap of $10.33 billion, a P/E ratio of 18.66 and a beta of 0.83.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the business earned ($1.02) EPS. The firm’s revenue was down .6% compared to the same quarter last year. As a group, analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 annualized dividend and a yield of 3.5%. HF Sinclair’s payout ratio is 65.15%.

HF Sinclair Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.