HF Sinclair Co. (NYSE:DINO) Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC lifted its holdings in HF Sinclair Co. (NYSE:DINO) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 324,024 shares of the company’s stock after acquiring an additional 7,566 shares during the quarter. Clearbridge Investments LLC owned 0.17% of HF Sinclair worth $19,561,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in HF Sinclair during the 1st quarter worth about $26,000. Riverview Trust Co acquired a new stake in HF Sinclair during the first quarter worth about $31,000. Principal Securities Inc. purchased a new position in HF Sinclair during the fourth quarter valued at approximately $30,000. Pingora Partners LLC purchased a new stake in HF Sinclair in the 4th quarter worth approximately $35,000. Finally, Baystate Wealth Management LLC purchased a new stake in HF Sinclair in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

NYSE DINO traded up $0.59 during mid-day trading on Wednesday, hitting $48.53. The stock had a trading volume of 1,621,908 shares, compared to its average volume of 1,976,680. HF Sinclair Co. has a twelve month low of $47.09 and a twelve month high of $64.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09. The firm’s 50 day moving average is $52.76 and its 200 day moving average is $55.78. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 5.93 and a beta of 1.19.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $7.54 billion. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.00 earnings per share. Equities research analysts forecast that HF Sinclair Co. will post 4.63 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Tuesday, May 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Analysts Set New Price Targets

Several research firms recently issued reports on DINO. Piper Sandler decreased their target price on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Argus upgraded HF Sinclair to a “hold” rating in a research report on Wednesday, June 26th. Wells Fargo & Company cut their price target on HF Sinclair from $75.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Barclays lowered their price target on HF Sinclair from $56.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, Wolfe Research initiated coverage on HF Sinclair in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.67.

Insider Activity

In related news, Director Franklin Myers acquired 6,500 shares of the stock in a transaction on Monday, May 20th. The shares were bought at an average price of $57.37 per share, with a total value of $372,905.00. Following the completion of the purchase, the director now owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.28% of the company’s stock.

About HF Sinclair

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.