HF Sinclair Corporation $DINO Holdings Increased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP raised its position in HF Sinclair Corporation (NYSE:DINO) by 185,556.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,705 shares of the company’s stock after purchasing an additional 29,689 shares during the period. Fulcrum Asset Management LLP’s holdings in HF Sinclair were worth $3,137,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DINO. Counterpoint Mutual Funds LLC purchased a new position in HF Sinclair during the third quarter worth about $9,191,000. BlackRock Inc. purchased a new stake in shares of HF Sinclair in the 2nd quarter valued at about $1,291,602,000. Amundi raised its holdings in shares of HF Sinclair by 12.7% in the 2nd quarter. Amundi now owns 309,993 shares of the company’s stock valued at $21,591,000 after acquiring an additional 35,049 shares in the last quarter. Energy Income Partners LLC bought a new stake in shares of HF Sinclair during the 2nd quarter valued at about $5,210,000. Finally, State of Wyoming bought a new stake in shares of HF Sinclair during the 2nd quarter valued at about $859,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Up 2.7%

Shares of DINO stock opened at $99.82 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 2.27 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $112.80 and a two-hundred day moving average price of $79.84. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $129.37. The firm has a market cap of $17.11 billion, a P/E ratio of 5.06 and a beta of 0.73.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 EPS for the quarter, beating the consensus estimate of $7.83 by $3.92. The firm had revenue of $10.86 billion for the quarter, compared to analyst estimates of $8.89 billion. HF Sinclair had a return on equity of 32.95% and a net margin of 10.12%. The company’s revenue was up 49.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.44 EPS. Equities analysts anticipate that HF Sinclair Corporation will post 22.32 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, November 12th. HF Sinclair’s dividend payout ratio is presently 10.65%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DINO. Barclays boosted their price objective on HF Sinclair from $86.00 to $122.00 and gave the stock an “equal weight” rating in a report on Monday, October 12th. Morgan Stanley raised their target price on shares of HF Sinclair from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Wells Fargo & Company lifted their target price on shares of HF Sinclair from $93.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. Raymond James Financial set a $150.00 price target on shares of HF Sinclair in a research note on Wednesday, October 28th. Finally, Evercore initiated coverage on shares of HF Sinclair in a report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price target on the stock. Two 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair currently has an average rating of “Moderate Buy” and an average price target of $116.00.

About HF Sinclair

HF Sinclair Corporation is an energy company that refines crude oil and sells fuels and other petroleum products. Its offerings include gasoline, diesel, jet fuel, asphalt, and specialty products such as lubricants and chemicals.

The company also operates midstream businesses, including pipelines, terminals, and other infrastructure that support the transportation and storage of crude oil and refined products. Its operations include renewable fuels, and its products are marketed under brands that include Sinclair.

HF Sinclair was formed in 2022 through the combination of HollyFrontier Corporation and Sinclair Oil Corporation.