Advisors Asset Management Inc. Acquires 42,870 Shares of HF Sinclair Corporation $DINO

Advisors Asset Management Inc. increased its holdings in HF Sinclair Corporation (NYSE:DINO) by 41.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 145,361 shares of the company’s stock after purchasing an additional 42,870 shares during the period. Advisors Asset Management Inc. owned approximately 0.08% of HF Sinclair worth $5,971,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in DINO. PFG Investments LLC purchased a new stake in shares of HF Sinclair during the second quarter worth about $244,000. Campbell & CO Investment Adviser LLC bought a new position in HF Sinclair during the 2nd quarter valued at approximately $1,851,000. OMNI 360 Wealth Inc. bought a new position in HF Sinclair during the 2nd quarter valued at approximately $218,000. Level Four Advisory Services LLC lifted its holdings 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 period. Finally, Russell Investments Group Ltd. grew its position in shares of HF Sinclair by 103.1% in the 1st quarter. Russell Investments Group Ltd. now owns 427,175 shares of the company’s stock worth $14,046,000 after buying an additional 216,839 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DINO. TD Cowen boosted their price objective on shares of HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Piper Sandler boosted their price target on shares of HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Mizuho raised their price objective on shares of HF Sinclair from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Wells Fargo & Company started coverage on HF Sinclair in a research report on Friday, October 17th. They set an “equal weight” rating and a $58.00 price objective on the stock. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, HF Sinclair presently has an average rating of “Hold” and a consensus price target of $59.18.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $52.30 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The stock has a market cap of $9.62 billion, a price-to-earnings ratio of -113.68 and a beta of 0.99. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $56.58. The firm’s 50-day moving average is $53.06 and its 200 day moving average is $46.67.

HF Sinclair (NYSE:DINO) last posted its 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 analyst estimates of $6.99 billion. During the same quarter last year, the company earned $0.51 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, November 19th. HF Sinclair’s payout ratio is 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.