HF Sinclair Corporation $DINO Stock: Leuthold Group LLC Raises Holdings

Leuthold Group LLC boosted its position in HF Sinclair Corporation (NYSE:DINO) by 10.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 79,924 shares of the company’s stock after acquiring an additional 7,344 shares during the quarter. Leuthold Group LLC’s holdings in HF Sinclair were worth $8,577,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in HF Sinclair in the second quarter worth approximately $1,291,602,000. Bank of New York Mellon Corp bought a new stake in shares of HF Sinclair during the second quarter valued at approximately $140,654,000. NFJ Investment Group LLC bought a new stake in shares of HF Sinclair during the second quarter valued at approximately $97,422,000. Bank of America Corp DE acquired a new position in shares of HF Sinclair during the second quarter worth approximately $89,846,000. Finally, First Trust Advisors LP raised its position in shares of HF Sinclair by 161.5% during the first quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock worth $64,702,000 after purchasing an additional 640,455 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of DINO opened at $99.82 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.40 and a current ratio of 2.27. The stock has a 50 day moving average price of $112.80 and a two-hundred day moving average price of $79.84. The firm has a market capitalization of $17.11 billion, a P/E ratio of 5.06 and a beta of 0.73. HF Sinclair Corporation has a 52 week low of $45.71 and a 52 week high of $129.37.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, October 28th. The company reported $11.75 earnings per share for the quarter, beating analysts’ consensus estimates of $7.83 by $3.92. HF Sinclair had a return on equity of 32.95% and a net margin of 10.12%. The company had revenue of $10.86 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same quarter last year, the company earned $2.44 earnings per share. The company’s revenue for the quarter was up 49.7% on a year-over-year basis. Equities analysts forecast that HF Sinclair Corporation will post 22.32 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Thursday, November 12th will be given a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, November 12th. HF Sinclair’s dividend payout ratio is presently 10.65%.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of recent research reports. Morgan Stanley increased their target price on HF Sinclair from $127.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Evercore started coverage on shares of HF Sinclair in a research note on Friday, July 17th. They set an “in-line” rating and a $85.00 price target for the company. UBS Group upped their price objective on shares of HF Sinclair from $126.00 to $133.00 and gave the stock a “buy” rating in a report on Saturday, October 3rd. Piper Sandler started coverage on shares of HF Sinclair in a report on Tuesday, October 27th. They set an “overweight” rating and a $152.00 price objective on the stock. Finally, Mizuho raised their price objective on shares of HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $116.00.

About HF Sinclair

HF Sinclair Corporation is an energy company that refines crude oil and sells fuels and other petroleum products. Its offerings include gasoline, diesel, jet fuel, asphalt, and specialty products such as lubricants and chemicals.

The company also operates midstream businesses, including pipelines, terminals, and other infrastructure that support the transportation and storage of crude oil and refined products. Its operations include renewable fuels, and its products are marketed under brands that include Sinclair.

HF Sinclair was formed in 2022 through the combination of HollyFrontier Corporation and Sinclair Oil Corporation.