Bridgefront Capital LLC Buys 10,853 Shares of HF Sinclair Corporation $DINO

Bridgefront Capital LLC grew its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 141.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,525 shares of the company’s stock after buying an additional 10,853 shares during the period. Bridgefront Capital LLC’s holdings in HF Sinclair were worth $970,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in DINO. Quent Capital LLC bought a new position in HF Sinclair during the third quarter valued at about $28,000. Johnson Financial Group Inc. bought a new stake in shares of HF Sinclair in the 2nd quarter worth approximately $33,000. State of Wyoming acquired a new stake in shares of HF Sinclair during the 2nd quarter worth approximately $41,000. CI Investments Inc. grew its holdings in shares of HF Sinclair by 20.0% during the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new stake in shares of HF Sinclair during the second quarter valued at approximately $70,000. Institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of recent research reports. BMO Capital Markets cut their target price on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Morgan Stanley set a $57.00 price target on shares of HF Sinclair in a report on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a research note on Monday, December 29th. Piper Sandler reduced their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Finally, Mizuho lifted their target price on shares of HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $58.73.

HF Sinclair Price Performance

HF Sinclair stock opened at $55.76 on Friday. The business has a 50 day simple moving average of $52.72 and a 200 day simple moving average of $51.92. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The company has a market capitalization of $10.05 billion, a PE ratio of 18.16 and a beta of 0.83. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $59.33.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The firm had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period in the prior year, the business posted ($1.02) earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, sell-side analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. HF Sinclair’s dividend payout ratio is presently 65.15%.

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.