M&T Bank Corp Has $1.37 Million Position in HF Sinclair Corporation $DINO

M&T Bank Corp increased its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 36.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,811 shares of the company’s stock after purchasing an additional 7,932 shares during the quarter. M&T Bank Corp’s holdings in HF Sinclair were worth $1,374,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Invesco Ltd. raised its position in HF Sinclair by 104.3% during the third 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 in the last quarter. Merewether Investment Management LP bought a new position in HF Sinclair during the third quarter valued at approximately $35,717,000. Dimensional Fund Advisors LP raised its position in HF Sinclair by 6.4% during the third 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 in the last quarter. Jacobs Levy Equity Management Inc. raised its position in HF Sinclair by 151.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 902,091 shares of the company’s stock valued at $47,215,000 after acquiring an additional 543,983 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in HF Sinclair by 967.9% during the third quarter. BNP Paribas Financial Markets now owns 418,590 shares of the company’s stock valued at $21,909,000 after acquiring an additional 379,392 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DINO has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HF Sinclair in a research report on Friday, March 27th. TD Cowen cut their price objective on shares of HF Sinclair from $70.00 to $68.00 and set a “hold” rating on the stock in a research report on Monday. Piper Sandler cut their price objective 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. BMO Capital Markets cut their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. Finally, Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus price target of $64.45.

HF Sinclair Trading Up 5.2%

Shares of HF Sinclair stock opened at $65.98 on Thursday. The company’s fifty day simple moving average is $57.79 and its 200-day simple moving average is $53.81. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 21.49 and a beta of 0.70. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. HF Sinclair Corporation has a 1 year low of $29.23 and a 1 year high of $66.87.

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, topping the consensus estimate 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 the consensus estimate of $6.19 billion. During the same quarter last year, the company posted ($1.02) earnings per share. HF Sinclair’s quarterly revenue was down .6% on a year-over-year basis. As a group, sell-side analysts expect that HF Sinclair Corporation will post 6.93 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, March 2nd. HF Sinclair’s payout ratio is 65.15%.

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.