Kornitzer Capital Management Inc. KS Sells 15,035 Shares of HF Sinclair Corporation $DINO

Kornitzer Capital Management Inc. KS reduced its stake in HF Sinclair Corporation (NYSE:DINOFree Report) by 3.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 481,964 shares of the company’s stock after selling 15,035 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in HF Sinclair were worth $22,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at approximately $26,000. Quent Capital LLC bought a new position in shares of HF Sinclair during the third quarter valued at approximately $28,000. State of Wyoming bought a new position in shares of HF Sinclair during the second quarter valued at approximately $41,000. Torren Management LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at approximately $55,000. Finally, CI Investments Inc. increased its stake in shares of HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after purchasing an additional 187 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 2.7%

Shares of DINO stock opened at $69.03 on Friday. HF Sinclair Corporation has a 12-month low of $31.04 and a 12-month high of $70.51. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $58.12 and its 200 day moving average is $53.91. The stock has a market capitalization of $12.44 billion, a P/E ratio of 22.48 and a beta of 0.72.

HF Sinclair (NYSE:DINOGet Free Report) last issued its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The company had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter last year, the company posted ($0.27) earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Research analysts expect that HF Sinclair Corporation will post 7.11 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 11th will be issued a $0.50 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.9%. HF Sinclair’s dividend payout ratio (DPR) is currently 65.15%.

Key Headlines Impacting HF Sinclair

Here are the key news stories impacting HF Sinclair this week:

Wall Street Analyst Weigh In

DINO has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of HF Sinclair from $57.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Argus raised shares of HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Barclays raised their target price on shares of HF Sinclair from $51.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 14th. Finally, Raymond James Financial raised their target price on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 25th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus price target of $64.45.

View Our Latest Report on HF Sinclair

About HF Sinclair

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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