Fort Washington Investment Advisors Inc. OH Reduces Holdings in HF Sinclair Corporation $DINO

Fort Washington Investment Advisors Inc. OH decreased its position in shares of HF Sinclair Corporation (NYSE:DINO) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 484,084 shares of the company’s stock after selling 7,957 shares during the period. Fort Washington Investment Advisors Inc. OH owned approximately 0.26% of HF Sinclair worth $22,307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DINO. Quent Capital LLC purchased a new position in shares of HF Sinclair during the 3rd quarter worth about $28,000. Johnson Financial Group Inc. bought a new position in HF Sinclair during the 2nd quarter valued at about $33,000. State of Wyoming purchased a new stake in HF Sinclair in the 2nd quarter worth about $41,000. CI Investments Inc. raised its position in HF Sinclair by 20.0% in the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares during the period. Finally, Delos Wealth Advisors LLC bought a new stake in HF Sinclair in the second quarter worth about $70,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on DINO shares. Scotiabank lowered HF Sinclair from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $62.00 to $53.00 in a research report on Wednesday, February 18th. Raymond James Financial increased their price target on HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Wednesday. Wall Street Zen lowered HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. Piper Sandler dropped their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, Barclays cut their price objective on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $60.18.

HF Sinclair Stock Performance

Shares of NYSE:DINO opened at $63.62 on Friday. The firm’s 50 day simple moving average is $54.91 and its 200-day simple moving average is $52.56. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $64.17. The firm has a market cap of $11.47 billion, a PE ratio of 20.72 and a beta of 0.83.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results 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. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The firm had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the previous year, the business earned ($1.02) earnings per share. HF Sinclair’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently announced 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 dividend yield of 3.1%. The ex-dividend date was Monday, March 2nd. 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.