NewSquare Capital LLC Boosts Holdings in HF Sinclair Corporation $DINO

NewSquare Capital LLC lifted its stake in HF Sinclair Corporation (NYSE:DINO) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,523 shares of the company’s stock after purchasing an additional 4,873 shares during the quarter. NewSquare Capital LLC’s holdings in HF Sinclair were worth $4,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Kiker Wealth Management LLC purchased a new position in HF Sinclair in the 2nd quarter worth about $32,000. West Oak Capital LLC purchased a new stake in shares of HF Sinclair during the 2nd quarter valued at about $38,000. Allworth Financial LP increased its position in shares of HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock valued at $41,000 after purchasing an additional 1,130 shares during the last quarter. Hilltop National Bank purchased a new stake in shares of HF Sinclair during the 2nd quarter valued at about $46,000. Finally, Hantz Financial Services Inc. increased its position in shares of HF Sinclair by 203.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,545 shares of the company’s stock valued at $63,000 after purchasing an additional 1,036 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Up 3.5%

Shares of NYSE:DINO opened at $53.39 on Tuesday. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $55.63. The business has a 50 day simple moving average of $52.16 and a two-hundred day simple moving average of $44.06. The firm has a market capitalization of $9.99 billion, a PE ratio of -116.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.50. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period last year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 19th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, November 19th. HF Sinclair’s payout ratio is presently 95.69%.

Analyst Ratings Changes

Several research firms have recently commented on DINO. Piper Sandler upped their price target on shares of HF Sinclair from $51.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Scotiabank reiterated an “outperform” rating on shares of HF Sinclair in a research report on Thursday, October 9th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Raymond James Financial reiterated a “strong-buy” rating and set a $65.00 target price (up from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of HF Sinclair in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.