Lighthouse Investment Partners LLC Buys Shares of 80,000 HF Sinclair Corporation $DINO

Lighthouse Investment Partners LLC purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 80,000 shares of the company’s stock, valued at approximately $4,187,000.

Several other hedge funds also recently made changes to their positions in the business. Quent Capital LLC acquired a new position in HF Sinclair during the third quarter worth $28,000. Johnson Financial Group Inc. acquired a new stake in HF Sinclair in the 2nd quarter valued at $33,000. State of Wyoming acquired a new stake in HF Sinclair in the 2nd quarter valued at $41,000. CI Investments Inc. lifted its position in HF Sinclair by 20.0% during the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after buying an additional 187 shares in the last quarter. Finally, Delos Wealth Advisors LLC bought a new stake in HF Sinclair during the 2nd quarter worth about $70,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Performance

Shares of DINO opened at $56.61 on Tuesday. The company has a market cap of $10.20 billion, a PE ratio of 18.44 and a beta of 0.83. The firm has a 50-day moving average of $52.86 and a 200-day moving average of $51.98. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $59.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90.

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

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a $0.50 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.00 annualized dividend and a yield of 3.5%. HF Sinclair’s dividend payout ratio is currently 65.15%.

Analyst Ratings Changes

Several brokerages have recently weighed in on DINO. Argus upgraded HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. BMO Capital Markets dropped their target price on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. Mizuho raised their price target on HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, Morgan Stanley set a $57.00 price target on HF Sinclair in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and an average price target of $58.73.

HF Sinclair 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.