HF Sinclair Corporation $DINO Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,225,992 shares of the company’s stock after purchasing an additional 298,735 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 3.33% of HF Sinclair worth $255,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of DINO. American Century Companies Inc. grew its position in shares of HF Sinclair by 11.1% in the 2nd quarter. American Century Companies Inc. now owns 77,690 shares of the company’s stock valued at $3,192,000 after buying an additional 7,773 shares during the last quarter. Rhumbline Advisers boosted its stake in HF Sinclair by 2.1% in the second quarter. Rhumbline Advisers now owns 453,251 shares of the company’s stock valued at $18,619,000 after acquiring an additional 9,424 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of HF Sinclair by 32.9% during the second quarter. Legal & General Group Plc now owns 398,957 shares of the company’s stock worth $16,389,000 after purchasing an additional 98,745 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new stake in shares of HF Sinclair during the second quarter worth about $5,081,000. Finally, MAI Capital Management lifted its holdings in shares of HF Sinclair by 63.4% in the 2nd quarter. MAI Capital Management now owns 1,954 shares of the company’s stock valued at $80,000 after purchasing an additional 758 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Raymond James Financial restated a “strong-buy” rating and set a $65.00 target price (up from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Zacks Research downgraded HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. UBS Group lifted their target price on shares of HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a report on Wednesday, November 19th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $59.18.

HF Sinclair Price Performance

DINO stock opened at $52.46 on Wednesday. The stock has a market capitalization of $9.65 billion, a price-to-earnings ratio of -114.05 and a beta of 0.99. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $56.58. The stock’s fifty day simple moving average is $53.07 and its 200-day simple moving average is $46.63.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the prior year, the business posted $0.51 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

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

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.