Citigroup Inc. Increases Position in HF Sinclair Corporation $DINO

Citigroup Inc. boosted its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 41.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 445,121 shares of the company’s stock after purchasing an additional 130,338 shares during the quarter. Citigroup Inc. owned approximately 0.24% of HF Sinclair worth $23,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in DINO. Quent Capital LLC acquired a new stake in HF Sinclair in the 3rd quarter valued at $28,000. Johnson Financial Group Inc. purchased a new position in HF Sinclair during the second quarter valued at $33,000. State of Wyoming acquired a new stake in shares of HF Sinclair in the second quarter valued at about $41,000. Bessemer Group Inc. raised its position 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 worth $74,000 after purchasing an additional 251 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in HF Sinclair by 203.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,545 shares of the company’s stock valued at $63,000 after buying an additional 1,036 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Up 1.8%

Shares of NYSE DINO opened at $50.76 on Friday. The company has a market capitalization of $9.34 billion, a P/E ratio of 16.53 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. The company has a 50 day simple moving average of $50.87 and a 200-day simple moving average of $51.20. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $59.33.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.37. HF Sinclair had a return on equity of 10.16% and a net margin of 2.15%.The company had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period in the prior year, the business posted ($1.02) earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd will be given a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. HF Sinclair’s dividend payout ratio is presently 65.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DINO shares. 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 note on Thursday, February 19th. Wall Street Zen cut HF Sinclair from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 19th. TD Cowen raised their price objective on HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, February 19th. Morgan Stanley set a $57.00 target price on shares of HF Sinclair in a research note on Thursday, February 19th. Finally, Barclays reduced their target price on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.73.

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.