HF Sinclair Corporation $DINO Stock Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its position in HF Sinclair Corporation (NYSE:DINO) by 212.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,424 shares of the company’s stock after purchasing an additional 7,084 shares during the period. Park Avenue Securities LLC’s holdings in HF Sinclair were worth $1,119,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DINO. BlackRock Inc. purchased a new stake in shares of HF Sinclair in the second quarter valued at approximately $1,291,602,000. Counterpoint Mutual Funds LLC acquired a new position in HF Sinclair during the third quarter worth $9,191,000. Amundi raised its position in HF Sinclair by 12.7% in the second quarter. Amundi now owns 309,993 shares of the company’s stock worth $21,591,000 after acquiring an additional 35,049 shares in the last quarter. Energy Income Partners LLC purchased a new position in HF Sinclair in the second quarter worth $5,210,000. Finally, State of Wyoming purchased a new position in HF Sinclair in the second quarter worth $859,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of recent analyst reports. Raymond James Financial set a $150.00 price target on shares of HF Sinclair in a research note on Wednesday, October 28th. The Goldman Sachs Group raised their price objective on shares of HF Sinclair from $114.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, October 9th. UBS Group raised their price objective on shares of HF Sinclair from $126.00 to $133.00 and gave the company a “buy” rating in a research note on Saturday, October 3rd. TD Cowen boosted their price objective on shares of HF Sinclair from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Thursday, October 22nd. Finally, Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $116.00.

HF Sinclair Price Performance

DINO stock opened at $111.52 on Tuesday. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $129.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The stock’s 50 day moving average price is $112.19 and its 200 day moving average price is $78.52. The firm has a market cap of $19.11 billion, a P/E ratio of 5.66 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Wednesday, October 28th. The company reported $11.75 earnings per share for the quarter, topping the consensus estimate of $7.83 by $3.92. HF Sinclair had a return on equity of 34.65% and a net margin of 10.12%. The company had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter last year, the business posted $2.44 earnings per share. HF Sinclair’s revenue was up 49.7% compared to the same quarter last year. On average, sell-side analysts expect that HF Sinclair Corporation will post 21.09 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Thursday, November 12th will be paid a dividend of $0.5250 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.9%. HF Sinclair’s dividend payout ratio (DPR) is presently 10.65%.

HF Sinclair Company Profile

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.