Oak Thistle LLC Invests $3.81 Million in HF Sinclair Corporation $DINO

Oak Thistle LLC purchased a new stake in HF Sinclair Corporation (NYSE:DINO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 72,839 shares of the company’s stock, valued at approximately $3,812,000. HF Sinclair accounts for 0.6% of Oak Thistle LLC’s portfolio, making the stock its 19th largest position.

Several other hedge funds have also added to or reduced their stakes in DINO. AQR Capital Management LLC increased its holdings in shares of HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock valued at $163,951,000 after purchasing an additional 2,609,857 shares during the last quarter. Encompass Capital Advisors LLC bought a new stake in shares of HF Sinclair during the 2nd quarter worth about $70,437,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of HF Sinclair by 1,633.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock worth $55,730,000 after buying an additional 1,597,152 shares during the period. Millennium Management LLC grew its stake in HF Sinclair by 207.5% in the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock valued at $64,774,000 after buying an additional 1,329,408 shares during the last quarter. Finally, Engineers Gate Manager LP raised its holdings in HF Sinclair by 1,068.6% in the 2nd quarter. Engineers Gate Manager LP now owns 786,606 shares of the company’s stock valued at $32,314,000 after acquiring an additional 719,292 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Zacks Research cut HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Barclays boosted their price target on HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. UBS Group increased their price objective on HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Raymond James Financial reissued a “strong-buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Finally, Wells Fargo & Company initiated coverage on shares of HF Sinclair in a research note on Friday, October 17th. They issued an “equal weight” rating and a $58.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.20.

HF Sinclair Stock Performance

NYSE:DINO opened at $47.60 on Wednesday. The stock has a fifty day moving average price of $52.51 and a 200-day moving average price of $48.16. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 22.78 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $56.58.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter last year, the business earned $0.51 earnings per share. HF Sinclair’s revenue was up .6% on a year-over-year basis. As a group, equities analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, November 19th. HF Sinclair’s dividend payout ratio is 95.69%.

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.