Fort Washington Investment Advisors Inc. OH Buys Shares of 367,600 HF Sinclair Corporation $DINO

Fort Washington Investment Advisors Inc. OH purchased a new stake in HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 367,600 shares of the company’s stock, valued at approximately $15,101,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC raised its stake in HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after buying an additional 2,609,857 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in HF Sinclair by 1,633.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock valued at $55,730,000 after acquiring an additional 1,597,152 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock valued at $269,142,000 after acquiring an additional 1,337,093 shares during the period. Millennium Management LLC raised its position in shares of HF Sinclair by 207.5% in the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after acquiring an additional 1,329,408 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of HF Sinclair during the 1st quarter worth $25,051,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Performance

DINO opened at $53.24 on Monday. The company has a market cap of $9.96 billion, a P/E ratio of -115.74 and a beta of 1.07. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $48.11 and its 200-day moving average price is $39.99. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $54.73.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.61. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The company had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. HF Sinclair’s revenue was down 13.5% compared to the same quarter last year. As a group, equities analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair’s dividend payout ratio is presently -434.78%.

Insider Transactions at HF Sinclair

In related news, EVP Valerie Pompa sold 11,000 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the transaction, the executive vice president owned 39,591 shares in the company, valued at $1,683,805.23. This trade represents a 21.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DINO has been the topic of several analyst reports. Wolfe Research lowered HF Sinclair from a “peer perform” rating to an “underperform” rating in a research note on Monday, July 14th. Wells Fargo & Company raised their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, June 11th. Mizuho lifted their price objective on shares of HF Sinclair from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Morgan Stanley increased their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of HF Sinclair in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $53.25.

HF Sinclair Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.