WESPAC Advisors LLC Purchases New Stake in HF Sinclair Corporation $DINO

WESPAC Advisors LLC acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 15,750 shares of the company’s stock, valued at approximately $824,000.

Several other large investors also recently modified their holdings of DINO. TD Private Client Wealth LLC boosted its holdings in shares of HF Sinclair by 13.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 4,415 shares of the company’s stock worth $231,000 after buying an additional 534 shares during the period. Quent Capital LLC acquired a new stake in HF Sinclair during the third quarter worth approximately $28,000. RWC Asset Management LLP boosted its holdings in shares of HF Sinclair by 30.3% during the third quarter. RWC Asset Management LLP now owns 143,634 shares of the company’s stock worth $7,518,000 after acquiring an additional 33,394 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of HF Sinclair in the third quarter valued at approximately $288,000. Finally, New York State Teachers Retirement System increased its stake in shares of HF Sinclair by 1.5% during the third quarter. New York State Teachers Retirement System now owns 173,966 shares of the company’s stock worth $9,105,000 after purchasing an additional 2,624 shares during the period. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Performance

NYSE:DINO opened at $49.47 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $9.10 billion, a PE ratio of 23.67 and a beta of 0.84. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $56.58. The stock’s 50-day simple moving average is $50.45 and its 200 day simple moving average is $49.33.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $0.51 EPS. On average, analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Wednesday, November 19th. HF Sinclair’s dividend payout ratio is presently 95.69%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Mizuho boosted their price target on HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. The Goldman Sachs Group raised their price target on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Barclays cut their price objective on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a report on Tuesday. UBS Group lifted their price target on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $65.00 price target (up previously from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

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.