14,589 Shares in HF Sinclair Corporation $DINO Acquired by Pursuit Wealth Management LLC

Pursuit Wealth Management LLC acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 14,589 shares of the company’s stock, valued at approximately $672,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quent Capital LLC acquired a new position in HF Sinclair in the 3rd quarter worth about $28,000. V Square Quantitative Management LLC bought a new position in HF Sinclair during the fourth quarter valued at approximately $26,000. State of Wyoming bought a new stake in HF Sinclair in the second quarter worth approximately $41,000. CI Investments Inc. raised its holdings in shares of HF Sinclair by 20.0% during the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after purchasing an additional 187 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in shares of HF Sinclair in the 3rd quarter valued at $74,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

DINO has been the subject of a number of analyst reports. Piper Sandler reduced their price target on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. BMO Capital Markets lowered their price objective on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Scotiabank raised HF Sinclair to a “hold” rating in a research note on Friday, March 27th. Mizuho upped their target price on HF Sinclair from $63.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Finally, Wall Street Zen downgraded HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Sunday. One 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.91.

HF Sinclair Stock Performance

DINO opened at $58.36 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average price is $57.17 and its two-hundred day moving average price is $53.22. The firm has a market capitalization of $10.52 billion, a P/E ratio of 19.01 and a beta of 0.70. HF Sinclair Corporation has a 12-month low of $27.52 and a 12-month high of $64.70.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.02) earnings per share. On average, equities analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders 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 dividend on an annualized basis and a yield of 3.4%. HF Sinclair’s dividend payout ratio is 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.