Assenagon Asset Management S.A. Has $30.52 Million Stock Holdings in HF Sinclair Corporation $DINO

Assenagon Asset Management S.A. boosted its position in HF Sinclair Corporation (NYSE:DINO) by 43.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 662,322 shares of the company’s stock after buying an additional 199,709 shares during the period. Assenagon Asset Management S.A. owned approximately 0.36% of HF Sinclair worth $30,520,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in DINO. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of HF Sinclair by 5.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 102,128 shares of the company’s stock worth $4,906,000 after purchasing an additional 5,120 shares in the last quarter. NorthCrest Asset Manangement LLC grew its position in HF Sinclair by 12.0% in the 4th quarter. NorthCrest Asset Manangement LLC now owns 10,922 shares of the company’s stock valued at $538,000 after purchasing an additional 1,172 shares during the period. AIA Group Ltd increased its stake in HF Sinclair by 10.7% during the 3rd quarter. AIA Group Ltd now owns 12,990 shares of the company’s stock valued at $680,000 after purchasing an additional 1,253 shares in the last quarter. Mirabella Financial Services LLP bought a new stake in HF Sinclair during the 3rd quarter valued at $505,000. Finally, Allworth Financial LP raised its holdings in HF Sinclair by 10.2% during the third quarter. Allworth Financial LP now owns 3,477 shares of the company’s stock worth $182,000 after buying an additional 322 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on DINO. Morgan Stanley set a $57.00 price objective on shares of HF Sinclair in a research note on Thursday, February 19th. Barclays lowered their target price on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Piper Sandler dropped their price target on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. TD Cowen lifted their price target on HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, February 19th. Finally, BMO Capital Markets decreased their price objective on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $60.18.

HF Sinclair Stock Performance

NYSE DINO opened at $60.92 on Thursday. The company has a fifty day moving average price of $54.34 and a 200-day moving average price of $52.40. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 19.84 and a beta of 0.83. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $62.46.

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

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. HF Sinclair’s dividend payout ratio is currently 65.15%.

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.