Diversified Trust Co Increases Stock Position in HF Sinclair Corporation $DINO

Diversified Trust Co boosted its position in shares of HF Sinclair Corporation (NYSE:DINO) by 211.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,509 shares of the company’s stock after purchasing an additional 30,901 shares during the period. Diversified Trust Co’s holdings in HF Sinclair were worth $2,382,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH boosted its position in HF Sinclair by 33.9% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 492,041 shares of the company’s stock valued at $25,753,000 after buying an additional 124,441 shares during the last quarter. Ethic Inc. acquired a new position in shares of HF Sinclair in the third quarter worth about $206,000. Stockman Wealth Management Inc. purchased a new position in HF Sinclair in the third quarter valued at about $207,000. Burns Matteson Capital Management LLC acquired a new stake in HF Sinclair during the 3rd quarter valued at approximately $542,000. Finally, Blue Trust Inc. increased its holdings in HF Sinclair by 13.8% during the 3rd quarter. Blue Trust Inc. now owns 5,661 shares of the company’s stock worth $296,000 after purchasing an additional 688 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.6%

NYSE DINO opened at $46.26 on Wednesday. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $56.58. The company has a 50-day simple moving average of $51.46 and a 200-day simple moving average of $48.83. 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 firm has a market capitalization of $8.51 billion, a PE ratio of 22.13 and a beta of 0.84.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $6.99 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. HF Sinclair’s quarterly revenue was up .6% on a year-over-year basis. On average, equities analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 19th were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.00 annualized dividend and a dividend yield of 4.3%. HF Sinclair’s dividend payout ratio (DPR) is 95.69%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DINO. The Goldman Sachs Group raised their price target on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. 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 upped their target price on shares of HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research note on Monday. Finally, Piper Sandler boosted their price objective on HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, November 14th. One 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.20.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.