HF Sinclair Corporation $DINO Stock: Ritholtz Wealth Management Grows Stake

Ritholtz Wealth Management lifted its position in shares of HF Sinclair Corporation (NYSE:DINO) by 113.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,613 shares of the company’s stock after acquiring an additional 11,481 shares during the quarter. Ritholtz Wealth Management’s holdings in HF Sinclair were worth $2,320,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Jacobi Capital Management LLC bought a new stake in HF Sinclair during the 3rd quarter worth about $64,000. Machina Capital S.A.S. bought a new position in shares of HF Sinclair in the 3rd quarter valued at about $845,000. Illinois Municipal Retirement Fund boosted its stake in shares of HF Sinclair by 23.1% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 47,584 shares of the company’s stock valued at $5,107,000 after purchasing an additional 8,942 shares during the last quarter. Keybank National Association OH boosted its stake in shares of HF Sinclair by 19.2% in the 3rd quarter. Keybank National Association OH now owns 5,233 shares of the company’s stock valued at $562,000 after purchasing an additional 842 shares during the last quarter. Finally, Csenge Advisory Group bought a new position in shares of HF Sinclair in the 3rd quarter valued at about $276,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on DINO. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $93.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 14th. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Morgan Stanley raised their price objective 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. Weiss Ratings raised shares of HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, The Goldman Sachs Group lifted their target price on shares of HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $116.00.

HF Sinclair Trading Up 0.0%

NYSE DINO traded up $0.02 on Friday, reaching $102.17. The company had a trading volume of 1,736,155 shares, compared to its average volume of 2,470,412. HF Sinclair Corporation has a 52 week low of $45.71 and a 52 week high of $129.37. The stock’s 50 day moving average is $112.55 and its 200-day moving average is $80.88. 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 stock has a market cap of $17.51 billion, a price-to-earnings ratio of 5.18 and a beta of 0.73.

HF Sinclair (NYSE:DINO) last issued its earnings results on Wednesday, October 28th. The company reported $11.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.83 by $3.92. HF Sinclair had a return on equity of 32.95% and a net margin of 10.12%. The firm had revenue of $10.86 billion for the quarter, compared to analysts’ expectations of $8.89 billion. During the same quarter last year, the business earned $2.44 earnings per share. The company’s revenue was up 49.7% compared to the same quarter last year. Equities analysts predict that HF Sinclair Corporation will post 22.32 earnings per share for the current year.

HF Sinclair Announces Dividend

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

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.