HF Sinclair Corporation $DINO Holdings Raised by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 87.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 70,892 shares of the company’s stock after purchasing an additional 33,100 shares during the period. Thrivent Financial for Lutherans’ holdings in HF Sinclair were worth $2,913,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Kiker Wealth Management LLC acquired a new position in HF Sinclair in the 2nd quarter worth about $32,000. Johnson Financial Group Inc. acquired a new stake in shares of HF Sinclair in the 2nd quarter valued at $33,000. West Oak Capital LLC bought a new stake in HF Sinclair in the second quarter worth $38,000. State of Wyoming acquired a new position in HF Sinclair during the second quarter worth $41,000. Finally, Hilltop National Bank bought a new position in HF Sinclair during the second quarter valued at about $46,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO stock opened at $46.63 on Tuesday. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $56.58. The company has a market capitalization of $8.58 billion, a P/E ratio of 22.31 and a beta of 0.84. The stock has a 50 day moving average of $52.12 and a two-hundred day moving average of $48.47. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 30th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same period in the prior year, the company posted $0.51 earnings per share. HF Sinclair’s revenue was up .6% on a year-over-year basis. As a group, equities analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Wednesday, November 19th. HF Sinclair’s payout ratio is 95.69%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DINO shares. Morgan Stanley upped their price target on HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Monday, November 10th. The Goldman Sachs Group boosted their price objective on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. UBS Group lifted their target price on shares of HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Mizuho boosted their target price on shares of HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.20.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.