Entropy Technologies LP Acquires New Shares in HF Sinclair Corporation $DINO

Entropy Technologies LP bought a new position in shares of HF Sinclair Corporation (NYSE:DINO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,622 shares of the company’s stock, valued at approximately $436,000.

A number of other hedge funds have also made changes to their positions in DINO. AQR Capital Management LLC raised its stake in shares of HF Sinclair by 109.8% during the 1st 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 during the last quarter. Price T Rowe Associates Inc. MD raised its position in HF Sinclair by 1,633.6% during 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 acquiring an additional 1,597,152 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of HF Sinclair by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock valued at $269,142,000 after purchasing an additional 1,337,093 shares in the last quarter. Millennium Management LLC grew its position in shares of HF Sinclair by 207.5% in the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock valued at $64,774,000 after purchasing an additional 1,329,408 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of HF Sinclair during the 1st quarter worth approximately $25,051,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Piper Sandler upped their target price on HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Morgan Stanley upped their price objective on HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. TD Cowen lifted their price objective on HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a research note on Wednesday, November 19th. Finally, Barclays raised their price target on shares of HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $59.18.

HF Sinclair Stock Performance

NYSE DINO opened at $53.20 on Tuesday. The business’s 50-day moving average price is $53.07 and its 200 day moving average price is $46.50. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $56.58. The company has a market capitalization of $9.79 billion, a PE ratio of -115.65 and a beta of 0.99.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $6.99 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 EPS. On average, research analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 19th will be given a dividend of $0.50 per share. 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 is 95.69%.

HF Sinclair Company 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.