Creative Planning Raises Position in HF Sinclair Corporation $DINO

Creative Planning lifted its position in HF Sinclair Corporation (NYSE:DINO) by 127.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 67,874 shares of the company’s stock after buying an additional 37,968 shares during the period. Creative Planning’s holdings in HF Sinclair were worth $2,788,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PFG Investments LLC bought a new stake in shares of HF Sinclair in the 2nd quarter worth $244,000. Campbell & CO Investment Adviser LLC bought a new stake in HF Sinclair in the 2nd quarter worth about $1,851,000. OMNI 360 Wealth Inc. bought a new stake in HF Sinclair in the 2nd quarter worth about $218,000. Level Four Advisory Services LLC raised its position in HF Sinclair by 71.4% in the 1st quarter. Level Four Advisory Services LLC now owns 125,263 shares of the company’s stock worth $4,119,000 after buying an additional 52,182 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in HF Sinclair by 103.1% during the 1st quarter. Russell Investments Group Ltd. now owns 427,175 shares of the company’s stock valued at $14,046,000 after acquiring an additional 216,839 shares during the period. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $52.65 on Monday. The stock has a market cap of $9.68 billion, a P/E ratio of -114.45 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The stock’s fifty day moving average is $53.04 and its 200 day moving average is $46.37. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $56.58.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The business had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis. Sell-side analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.00 annualized dividend and a yield of 3.8%. HF Sinclair’s payout ratio is currently 95.69%.

Analysts Set New Price Targets

A number of analysts have recently commented on DINO shares. TD Cowen lifted their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. The Goldman Sachs Group raised their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Morgan Stanley boosted their target price on shares of HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a research note on Wednesday. Finally, Scotiabank reaffirmed an “outperform” rating on shares of HF Sinclair in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, HF Sinclair currently has an average rating of “Hold” and an average price target of $59.18.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.