Arrowstreet Capital Limited Partnership Buys 451,346 Shares of HF Sinclair Corporation $DINO

Arrowstreet Capital Limited Partnership increased its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 137.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 779,012 shares of the company’s stock after buying an additional 451,346 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.42% of HF Sinclair worth $32,002,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. LPL Financial LLC raised its holdings in shares of HF Sinclair by 10.4% in the first quarter. LPL Financial LLC now owns 118,087 shares of the company’s stock valued at $3,883,000 after purchasing an additional 11,137 shares during the last quarter. Natixis Advisors LLC boosted its holdings in HF Sinclair by 0.9% during the first quarter. Natixis Advisors LLC now owns 57,480 shares of the company’s stock worth $1,890,000 after purchasing an additional 527 shares during the last quarter. Harbour Investments Inc. grew its position in HF Sinclair by 15.0% in the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock worth $78,000 after purchasing an additional 310 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in HF Sinclair by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company’s stock valued at $194,888,000 after buying an additional 415,206 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of HF Sinclair by 271.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 317,782 shares of the company’s stock valued at $10,449,000 after acquiring an additional 232,163 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DINO. Piper Sandler upped their price objective on HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Monday, November 10th. Mizuho increased their price target on shares of HF Sinclair from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $65.00 price objective (up previously from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Finally, Wells Fargo & Company assumed coverage on shares of HF Sinclair in a research note on Friday, October 17th. They issued an “equal weight” rating and a $58.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $59.18.

HF Sinclair Trading Down 0.5%

Shares of HF Sinclair stock opened at $50.13 on Friday. The stock has a market capitalization of $9.22 billion, a P/E ratio of 23.99 and a beta of 0.84. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $56.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. The stock’s 50-day simple moving average is $52.89 and its 200 day simple moving average is $47.42.

HF Sinclair (NYSE:DINO) last posted 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 net margin of 1.46% and a return on equity of 5.77%. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter last year, the company earned $0.51 earnings per share. The company’s revenue was up .6% on a year-over-year basis. As a group, research analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 19th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Wednesday, November 19th. HF Sinclair’s payout ratio is currently 95.69%.

HF Sinclair 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.