Bank of New Hampshire Makes New Investment in HF Sinclair Corporation $DINO

Bank of New Hampshire acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,903 shares of the company’s stock, valued at approximately $741,000.

A number of other hedge funds have also bought and sold shares of DINO. BlackRock Inc. purchased a new stake in shares of HF Sinclair in the second quarter valued at $1,291,602,000. Dimensional Fund Advisors LP grew its holdings in HF Sinclair by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock valued at $577,114,000 after purchasing an additional 103,135 shares during the last quarter. Bank of New York Mellon Corp raised its position in HF Sinclair by 3.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,063,790 shares of the company’s stock worth $128,760,000 after purchasing an additional 75,798 shares during the period. NFJ Investment Group LLC raised its position in HF Sinclair by 1,275.3% in the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after purchasing an additional 1,737,318 shares during the period. Finally, Bank of America Corp DE purchased a new stake in HF Sinclair in the 2nd quarter worth about $89,846,000. Institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DINO has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on HF Sinclair from $78.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, September 14th. Weiss Ratings raised HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Barclays boosted their price objective on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Finally, Evercore assumed coverage on HF Sinclair in a research report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average price target of $94.83.

HF Sinclair Trading Down 0.3%

HF Sinclair stock traded down $0.29 during trading hours on Tuesday, hitting $114.93. The company had a trading volume of 1,722,454 shares, compared to its average volume of 2,698,022. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The firm has a market cap of $20.43 billion, a P/E ratio of 10.97 and a beta of 0.72. The company has a 50-day moving average price of $100.23 and a two-hundred day moving average price of $80.05. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $118.39.

HF Sinclair (NYSE:DINO) last issued its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same period last year, the company posted $1.10 earnings per share. The company’s quarterly revenue was up 53.2% compared to the same quarter last year. On average, sell-side analysts anticipate that HF Sinclair Corporation will post 17.51 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 1.8%. The ex-dividend date was Tuesday, August 11th. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

Insiders Place Their Bets

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by company insiders.

About HF Sinclair

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.