First Trust Advisors LP Reduces Stake in HF Sinclair Corporation $DINO

First Trust Advisors LP lowered its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 24.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 825,783 shares of the company’s stock after selling 265,035 shares during the period. First Trust Advisors LP owned 0.44% of HF Sinclair worth $33,923,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DINO. AQR Capital Management LLC lifted its stake in HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock valued at $163,951,000 after purchasing an additional 2,609,857 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of HF Sinclair by 1,633.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock valued at $55,730,000 after buying an additional 1,597,152 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of HF Sinclair by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock valued at $269,142,000 after buying an additional 1,337,093 shares during the last quarter. Millennium Management LLC grew its stake in shares of HF Sinclair by 207.5% during the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after acquiring an additional 1,329,408 shares during the period. Finally, Nuveen LLC purchased a new stake in HF Sinclair in the 1st quarter worth about $25,051,000. Institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

DINO has been the topic of several recent research reports. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Monday, November 10th. Piper Sandler upped their price target on shares of HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Scotiabank reissued an “outperform” rating on shares of HF Sinclair in a report on Thursday, October 9th. Finally, UBS Group raised their price target on HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average target price of $60.10.

HF Sinclair Stock Performance

Shares of DINO opened at $49.92 on Wednesday. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $56.58. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.18 billion, a PE ratio of 23.88 and a beta of 0.84. The stock has a 50-day moving average price of $52.77 and a 200-day moving average price of $47.70.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period last year, the firm posted $0.51 earnings per share. HF Sinclair’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend 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.