Ethic Inc. Buys 61,239 Shares of HF Sinclair Corporation $DINO

Ethic Inc. lifted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 1,554.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,178 shares of the company’s stock after purchasing an additional 61,239 shares during the quarter. Ethic Inc.’s holdings in HF Sinclair were worth $3,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. CI Investments Inc. boosted its position 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 worth $59,000 after purchasing an additional 187 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of HF Sinclair by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after acquiring an additional 210 shares in the last quarter. Unison Advisors LLC increased its holdings in shares of HF Sinclair by 0.9% during the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock valued at $1,074,000 after acquiring an additional 218 shares in the last quarter. AMG National Trust Bank increased its holdings in shares of HF Sinclair by 0.4% during the third quarter. AMG National Trust Bank now owns 52,293 shares of the company’s stock valued at $2,737,000 after acquiring an additional 234 shares in the last quarter. Finally, Gateway Investment Advisers LLC increased its holdings in shares of HF Sinclair by 5.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 4,753 shares of the company’s stock valued at $219,000 after acquiring an additional 240 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

DINO has been the subject of several recent research reports. Piper Sandler decreased 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. Wells Fargo & Company raised their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. BMO Capital Markets dropped their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $81.00 price objective on shares of HF Sinclair in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.91.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $72.81 on Tuesday. HF Sinclair Corporation has a 1-year low of $34.42 and a 1-year high of $74.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $60.33 and its two-hundred day simple moving average is $54.65. The stock has a market cap of $13.13 billion, a PE ratio of 10.95 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the prior year, the firm posted ($0.27) EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, analysts forecast that HF Sinclair Corporation will post 8.62 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 11th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is 30.08%.

HF Sinclair 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.