HF Sinclair Corporation $DINO Stock Position Lowered by Swiss National Bank

Swiss National Bank decreased its position in HF Sinclair Corporation (NYSE:DINO) by 1.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306,000 shares of the company’s stock after selling 4,000 shares during the quarter. Swiss National Bank owned about 0.16% of HF Sinclair worth $12,570,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DINO. Kiker Wealth Management LLC bought a new stake in HF Sinclair in the second quarter worth about $32,000. West Oak Capital LLC acquired a new position in shares of HF Sinclair in the 2nd quarter worth approximately $38,000. Hilltop National Bank bought a new stake in shares of HF Sinclair in the 2nd quarter worth approximately $46,000. Hantz Financial Services Inc. lifted its stake in HF Sinclair by 203.5% during the second quarter. Hantz Financial Services Inc. now owns 1,545 shares of the company’s stock valued at $63,000 after purchasing an additional 1,036 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in HF Sinclair by 157.8% during the second quarter. Farther Finance Advisors LLC now owns 1,722 shares of the company’s stock worth $71,000 after buying an additional 1,054 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Down 0.4%

NYSE:DINO opened at $52.30 on Friday. The business’s fifty day moving average price is $53.04 and its 200 day moving average price is $46.71. The firm has a market capitalization of $9.62 billion, a price-to-earnings ratio of -113.68 and a beta of 0.99. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $56.58.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.50. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The business’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 EPS. On average, sell-side analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.8%. The ex-dividend date is Wednesday, November 19th. HF Sinclair’s dividend payout ratio is currently 95.69%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $65.00 price target (up previously from $60.00) on shares of HF Sinclair in a report on Friday, October 17th. Barclays boosted their target price on HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Zacks Research lowered HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Monday, November 10th. Finally, Mizuho upped their price objective on shares of HF Sinclair from $60.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $59.18.

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.