Algert Global LLC Has $19.30 Million Stake in HF Sinclair Corporation $DINO

Algert Global LLC lifted its stake in HF Sinclair Corporation (NYSE:DINO) by 930.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 368,708 shares of the company’s stock after acquiring an additional 332,928 shares during the period. Algert Global LLC owned 0.20% of HF Sinclair worth $19,298,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DINO. Encompass Capital Advisors LLC bought a new stake in shares of HF Sinclair during the 2nd quarter worth $70,437,000. Invesco Ltd. grew its stake in HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after buying an additional 994,090 shares during the last quarter. Engineers Gate Manager LP raised its holdings in HF Sinclair by 1,068.6% in the 2nd quarter. Engineers Gate Manager LP now owns 786,606 shares of the company’s stock worth $32,314,000 after acquiring an additional 719,292 shares during the period. Merewether Investment Management LP acquired a new position in HF Sinclair during the 3rd quarter worth $35,717,000. Finally, Norges Bank acquired a new position in HF Sinclair during the 2nd quarter worth $25,531,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DINO shares. Mizuho raised their price target on HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Piper Sandler cut their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a research note on Monday, December 29th. BMO Capital Markets lowered their target price on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Finally, Wall Street Zen downgraded HF Sinclair from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $58.73.

HF Sinclair Price Performance

Shares of DINO stock opened at $55.76 on Friday. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $59.33. The company has a market capitalization of $10.05 billion, a P/E ratio of 18.16 and a beta of 0.83. The stock has a 50 day moving average of $52.72 and a two-hundred day moving average of $51.92. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. The business had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.HF Sinclair’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business posted ($1.02) earnings per share. As a group, equities analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd. HF Sinclair’s payout ratio is 65.15%.

HF Sinclair Profile

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.