Hillsdale Investment Management Inc. Buys Shares of 20,100 HF Sinclair Corporation $DINO

Hillsdale Investment Management Inc. purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,100 shares of the company’s stock, valued at approximately $1,052,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Quent Capital LLC acquired a new stake in HF Sinclair during the 3rd quarter worth $28,000. Johnson Financial Group Inc. acquired a new stake in shares of HF Sinclair during the second quarter worth about $33,000. State of Wyoming bought a new position in shares of HF Sinclair during the 2nd quarter valued at about $41,000. Hantz Financial Services Inc. grew its position in shares of HF Sinclair by 203.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,545 shares of the company’s stock valued at $63,000 after purchasing an additional 1,036 shares during the period. Finally, Delos Wealth Advisors LLC acquired a new position in shares of HF Sinclair in the 2nd quarter valued at approximately $70,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Down 2.5%

HF Sinclair stock opened at $49.61 on Tuesday. The company has a market cap of $9.13 billion, a price-to-earnings ratio of 16.16 and a beta of 0.87. The firm has a 50-day moving average of $50.70 and a 200-day moving average of $51.17. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $59.33.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.37. The business had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.19 billion. HF Sinclair had a return on equity of 10.16% and a net margin of 2.15%.HF Sinclair’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.02) earnings per share. On average, equities analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, March 2nd. HF Sinclair’s dividend payout ratio is presently 65.15%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. UBS Group lifted their price target on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Mizuho raised their price objective on shares of HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. TD Cowen upped their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, February 19th. Finally, Scotiabank downgraded HF Sinclair from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $62.00 to $53.00 in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $58.73.

HF Sinclair Company 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.