Aventail Capital Group LP Grows Position in HF Sinclair Corporation $DINO

Aventail Capital Group LP raised its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 96.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 196,746 shares of the company’s stock after acquiring an additional 96,590 shares during the period. Aventail Capital Group LP’s holdings in HF Sinclair were worth $10,298,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DINO. Quent Capital LLC bought a new stake in shares of HF Sinclair in the 3rd quarter worth $28,000. Johnson Financial Group Inc. bought a new position in shares of HF Sinclair during the second quarter valued at about $33,000. State of Wyoming purchased a new position in HF Sinclair during the second quarter worth about $41,000. CI Investments Inc. boosted its holdings in HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares during the last quarter. Finally, Delos Wealth Advisors LLC bought a new stake in HF Sinclair in the 2nd quarter worth about $70,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Down 2.7%

DINO opened at $55.76 on Friday. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $59.33. The company’s 50-day moving average price is $52.72 and its two-hundred day moving average price is $51.92. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 18.16 and a beta of 0.83. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.37. The company had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. HF Sinclair’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted ($1.02) EPS. As a group, equities analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, March 2nd. HF Sinclair’s dividend payout ratio (DPR) is currently 65.15%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Argus raised HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Barclays decreased their price target on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 13th. TD Cowen boosted their price objective on HF Sinclair from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. Finally, Scotiabank downgraded HF Sinclair from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $62.00 to $53.00 in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $58.73.

HF Sinclair Company Profile

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.