GoalVest Advisory LLC Makes New Investment in HF Sinclair Co. (NYSE:DINO)

GoalVest Advisory LLC acquired a new position in shares of HF Sinclair Co. (NYSE:DINO) during the 1st quarter, Holdings Channel reports. The fund acquired 11,200 shares of the company’s stock, valued at approximately $368,000.

Several other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in HF Sinclair by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock worth $240,026,000 after acquiring an additional 737,696 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in HF Sinclair by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock worth $193,197,000 after acquiring an additional 617,218 shares during the last quarter. First Trust Advisors LP increased its stake in HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after acquiring an additional 1,096,485 shares during the last quarter. Southeastern Asset Management Inc. TN bought a new stake in HF Sinclair during the fourth quarter worth approximately $96,344,000. Finally, AQR Capital Management LLC increased its stake in HF Sinclair by 61.6% during the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company’s stock worth $82,536,000 after acquiring an additional 906,225 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Up 1.4%

DINO opened at $36.59 on Friday. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 44.62 and a beta of 0.81. The stock’s 50 day moving average price is $31.98 and its 200-day moving average price is $35.01. HF Sinclair Co. has a one year low of $24.66 and a one year high of $55.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.14. The firm had revenue of $6.37 billion for the quarter, compared to analysts’ expectations of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 earnings per share. On average, equities analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.47%. HF Sinclair’s payout ratio is -259.74%.

Analysts Set New Price Targets

Several brokerages have weighed in on DINO. Piper Sandler reduced their price objective on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Wells Fargo & Company reduced their price objective on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, May 2nd. Barclays boosted their price objective on HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, May 12th. Mizuho raised HF Sinclair from a “neutral” rating to an “outperform” rating and upped their target price for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. Finally, Scotiabank cut their target price on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus price target of $43.30.

HF Sinclair Profile

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.