HF Sinclair Corporation $DINO Position Lifted by Ruffer LLP

Ruffer LLP raised its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 36.7% during the fourth quarter, HoldingsChannel reports. The fund owned 102,340 shares of the company’s stock after acquiring an additional 27,465 shares during the quarter. Ruffer LLP’s holdings in HF Sinclair were worth $4,723,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its stake in HF Sinclair by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after acquiring an additional 560,194 shares during the last quarter. Invesco Ltd. boosted its stake in HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after acquiring an additional 994,090 shares during the last quarter. Northern Trust Corp boosted its stake in HF Sinclair by 0.5% during the 3rd quarter. Northern Trust Corp now owns 1,417,859 shares of the company’s stock valued at $74,211,000 after acquiring an additional 7,170 shares during the last quarter. Voloridge Investment Management LLC boosted its stake in HF Sinclair by 22.9% during the 3rd quarter. Voloridge Investment Management LLC now owns 1,305,413 shares of the company’s stock valued at $68,325,000 after acquiring an additional 243,082 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in HF Sinclair by 12.8% during the 2nd quarter. Alliancebernstein L.P. now owns 1,198,494 shares of the company’s stock valued at $49,234,000 after acquiring an additional 136,151 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Up 2.9%

DINO stock opened at $59.57 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. HF Sinclair Corporation has a fifty-two week low of $29.23 and a fifty-two week high of $64.70. The firm’s 50-day simple moving average is $57.24 and its 200 day simple moving average is $53.42. The stock has a market cap of $10.74 billion, a PE ratio of 19.40 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The business had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the company earned ($1.02) EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that HF Sinclair Corporation will post 6.16 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, March 2nd. HF Sinclair’s dividend payout ratio (DPR) is 65.15%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DINO shares. Barclays raised their price target on shares of HF Sinclair from $51.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 14th. Wells Fargo & Company raised their price target on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. Morgan Stanley set a $57.00 price target on shares of HF Sinclair in a research report on Thursday, February 19th. Piper Sandler reduced their price target on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Finally, Raymond James Financial raised their price target on shares of HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $61.91.

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.