HF Sinclair Corporation $DINO Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its position in HF Sinclair Corporation (NYSE:DINO) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 453,251 shares of the company’s stock after acquiring an additional 9,424 shares during the period. Rhumbline Advisers’ holdings in HF Sinclair were worth $18,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of HF Sinclair by 109.8% during 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 lifted its stake in shares of HF Sinclair by 1,633.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock worth $55,730,000 after buying an additional 1,597,152 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after acquiring an additional 1,337,093 shares during the last quarter. Millennium Management LLC boosted its position in HF Sinclair by 207.5% during the first 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 during the last quarter. Finally, Nuveen LLC purchased a new stake in HF Sinclair during the 1st quarter valued at about $25,051,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $52.91 on Friday. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of -115.02 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The business has a 50-day moving average of $53.05 and a 200 day moving average of $46.83. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $56.58.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $6.99 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. As a group, sell-side analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 19th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.00 annualized dividend and a yield of 3.8%. HF Sinclair’s dividend payout ratio (DPR) is 95.69%.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of analyst reports. Mizuho upped their price target on HF Sinclair from $60.00 to $62.00 and gave the company an “outperform” rating in a research report on Thursday, November 6th. The Goldman Sachs Group boosted their price objective on HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a report on Tuesday. Barclays lifted their price target on HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Finally, Piper Sandler boosted their price target on shares of HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $59.18.

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.