HF Sinclair Co. (NYSE:DINO) Shares Acquired by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its position in HF Sinclair Co. (NYSE:DINO) by 11.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,349 shares of the company’s stock after purchasing an additional 883 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in HF Sinclair were worth $445,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of HF Sinclair in the 1st quarter valued at $26,000. Principal Securities Inc. purchased a new position in shares of HF Sinclair in the 4th quarter valued at $30,000. Riverview Trust Co purchased a new position in HF Sinclair during the 1st quarter worth $31,000. Pingora Partners LLC purchased a new position in HF Sinclair during the 4th quarter worth $35,000. Finally, Quarry LP purchased a new position in HF Sinclair during the 4th quarter worth $39,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DINO. Wells Fargo & Company lowered their price objective on shares of HF Sinclair from $61.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Piper Sandler lowered their target price on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Barclays lifted their target price on shares of HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on shares of HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Finally, Wolfe Research initiated coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.55.

HF Sinclair Trading Down 2.4 %

Shares of NYSE:DINO traded down $1.14 during trading on Tuesday, reaching $47.28. The stock had a trading volume of 1,862,616 shares, compared to its average volume of 1,961,828. The business has a fifty day moving average price of $49.59 and a 200-day moving average price of $54.67. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. The stock has a market cap of $9.09 billion, a P/E ratio of 5.88 and a beta of 1.19. HF Sinclair Co. has a fifty-two week low of $44.09 and a fifty-two week high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.73%. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. During the same quarter in the previous year, the business posted $2.60 earnings per share. The company’s revenue was up .2% on a year-over-year basis. As a group, analysts anticipate that HF Sinclair Co. will post 3.85 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.23%. HF Sinclair’s payout ratio is 24.75%.

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.