Vanguard Group Inc. Boosts Stock Position in HF Sinclair Corporation $DINO

Vanguard Group Inc. grew its holdings in HF Sinclair Corporation (NYSE:DINOFree Report) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,830,649 shares of the company’s stock after buying an additional 446,867 shares during the quarter. Vanguard Group Inc. owned 0.09% of HF Sinclair worth $775,556,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DINO. Goldman Sachs Group Inc. increased its position in shares of HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after buying an additional 119,832 shares in the last quarter. Focus Partners Wealth increased its position in shares of HF Sinclair by 71.7% in the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after buying an additional 8,102 shares in the last quarter. Amundi increased its position in shares of HF Sinclair by 7.7% in the second quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after buying an additional 12,387 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of HF Sinclair in the second quarter valued at approximately $209,000. Finally, Cerity Partners LLC increased its position in shares of HF Sinclair by 25.7% in the second quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after buying an additional 29,635 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

More HF Sinclair News

Here are the key news stories impacting HF Sinclair this week:

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DINO. Scotiabank boosted their price objective on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. BMO Capital Markets cut their price objective on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. TD Cowen cut their price objective on HF Sinclair from $70.00 to $68.00 and set a “hold” rating for the company in a research report on Monday, April 27th. Piper Sandler lowered their price target on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Finally, Mizuho lifted their price target on HF Sinclair from $63.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $64.45.

Read Our Latest Stock Report on DINO

HF Sinclair Stock Performance

Shares of NYSE:DINO opened at $69.03 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The business’s 50 day moving average price is $58.12 and its 200-day moving average price is $53.92. The firm has a market capitalization of $12.44 billion, a PE ratio of 10.38 and a beta of 0.72. HF Sinclair Corporation has a 1 year low of $31.04 and a 1 year high of $70.51.

HF Sinclair (NYSE:DINOGet Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.27) earnings per share. As a group, equities research analysts expect that HF Sinclair Corporation will post 7.11 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 Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a yield of 2.9%. HF Sinclair’s payout ratio is 30.08%.

HF Sinclair Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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