Fox Run Management L.L.C. Makes New $800,000 Investment in HF Sinclair Corporation $DINO

Fox Run Management L.L.C. bought a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 19,482 shares of the company’s stock, valued at approximately $800,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Kiker Wealth Management LLC acquired a new position in shares of HF Sinclair during the second quarter valued at $32,000. West Oak Capital LLC acquired a new stake in HF Sinclair during the 2nd quarter worth about $38,000. Hilltop National Bank acquired a new position in HF Sinclair in the 2nd quarter worth about $46,000. Allworth Financial LP raised its holdings 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 in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of 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 acquiring an additional 1,036 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Up 2.0%

DINO opened at $54.72 on Monday. The business has a 50 day moving average of $52.44 and a 200-day moving average of $44.74. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $55.63. The stock has a market cap of $10.07 billion, a PE ratio of -118.96 and a beta of 0.99.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating 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 company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the previous year, the business earned $0.51 earnings per share. HF Sinclair’s quarterly revenue was up .6% compared to the same quarter last year. Equities research analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. HF Sinclair’s payout ratio is 95.69%.

Analyst Ratings Changes

DINO has been the topic of a number of recent research reports. Scotiabank reissued an “outperform” rating on shares of HF Sinclair in a research report on Thursday, October 9th. The Goldman Sachs Group upped their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Wolfe Research lowered HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday, July 14th. Barclays boosted their price objective on shares of HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Finally, Wells Fargo & Company assumed coverage on HF Sinclair in a research note on Friday, October 17th. They set an “equal weight” rating and a $58.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and an average target price of $58.73.

About HF Sinclair

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.