HF Sinclair Corporation $DINO Stock Holdings Lifted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in HF Sinclair Corporation (NYSE:DINO) by 112.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,703 shares of the company’s stock after buying an additional 13,599 shares during the period. Allspring Global Investments Holdings LLC’s holdings in HF Sinclair were worth $1,204,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Quent Capital LLC purchased a new position in HF Sinclair during the 3rd quarter worth approximately $28,000. State of Wyoming purchased a new position in shares of HF Sinclair during the 2nd quarter valued at $41,000. CI Investments Inc. grew its holdings in shares of HF Sinclair by 20.0% during the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after acquiring an additional 187 shares in the last quarter. Delos Wealth Advisors LLC purchased a new position in shares of HF Sinclair during the 2nd quarter valued at $70,000. Finally, Bessemer Group Inc. grew its holdings in shares of HF Sinclair by 21.2% during the 3rd quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock valued at $74,000 after acquiring an additional 251 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the topic of several research analyst reports. BMO Capital Markets lowered their price target on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. TD Cowen boosted their price target on shares of HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, February 19th. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, April 4th. Piper Sandler lowered their price target on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Mizuho boosted their price target on shares of HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $61.00.

HF Sinclair Trading Down 3.1%

Shares of NYSE:DINO opened at $56.37 on Friday. The stock has a market capitalization of $10.16 billion, a PE ratio of 18.36 and a beta of 0.70. HF Sinclair Corporation has a 1 year low of $25.89 and a 1 year high of $64.70. The firm has a fifty day moving average price of $56.84 and a 200 day moving average price of $53.09. 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 issued its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. The firm had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. HF Sinclair’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the company posted ($1.02) earnings per share. Analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were issued a $0.50 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. HF Sinclair’s dividend payout ratio is currently 65.15%.

HF Sinclair Company 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.