Oakmont Investment Advisors Inc. bought a new position in HF Sinclair Corporation (NYSE:DINO – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,185 shares of the company’s stock, valued at approximately $986,000.
Several other large investors also recently added to or reduced their stakes in the business. Clearstead Trust LLC acquired a new position in shares of HF Sinclair during the 2nd quarter worth $33,000. Fairway Wealth LLC bought a new position in shares of HF Sinclair during the 1st quarter valued at $41,000. Bullock Wealth Management Group bought a new position in shares of HF Sinclair during the 3rd quarter valued at $41,000. Main Street Group LTD acquired a new stake in shares of HF Sinclair in the 1st quarter valued at $54,000. Finally, Core Capital Management & Research inc. acquired a new stake in shares of HF Sinclair in the 2nd quarter valued at $67,000. 88.29% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of brokerages recently issued reports on DINO. Freedom Capital cut shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Evercore started coverage on shares of HF Sinclair in a research report on Friday, July 17th. They set an “in-line” rating and a $85.00 target price on the stock. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Barclays raised their target price on HF Sinclair from $86.00 to $122.00 and gave the company an “equal weight” rating in a report on Monday, October 12th. Finally, Raymond James Financial boosted their price target on HF Sinclair from $105.00 to $140.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $106.50.
View Our Latest Analysis on HF Sinclair
Insider Buying and Selling at HF Sinclair
In related news, SVP Dale Kunneman sold 8,936 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.
HF Sinclair Stock Up 0.3%
Shares of HF Sinclair stock opened at $125.67 on Thursday. The stock has a market capitalization of $22.34 billion, a P/E ratio of 11.99 and a beta of 0.72. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average price of $108.84 and a two-hundred day moving average price of $85.27. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $129.37.
HF Sinclair (NYSE:DINO – Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter last year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 53.2% compared to the same quarter last year. Equities analysts expect that HF Sinclair Corporation will post 18.65 earnings per share for the current year.
HF Sinclair Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were paid a $0.5250 dividend. The ex-dividend date was Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.7%. HF Sinclair’s dividend payout ratio is presently 20.04%.
HF Sinclair Company Profile
HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.
HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.
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