Gallacher Capital Management LLC Makes New $571,000 Investment in HF Sinclair Corporation $DINO

Gallacher Capital Management LLC acquired a new stake in HF Sinclair Corporation (NYSE:DINO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,319 shares of the company’s stock, valued at approximately $571,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of HF Sinclair during the second quarter worth about $1,291,602,000. Bank of New York Mellon Corp acquired a new position in shares of HF Sinclair in the second quarter worth about $140,654,000. NFJ Investment Group LLC acquired a new position in shares of HF Sinclair in the second quarter worth about $97,422,000. Bank of America Corp DE purchased a new position in HF Sinclair in the second quarter valued at about $89,846,000. Finally, First Trust Advisors LP boosted its holdings in HF Sinclair by 161.5% in the first quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock valued at $64,702,000 after purchasing an additional 640,455 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DINO has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on HF Sinclair from $127.00 to $130.00 and gave the company an “overweight” rating in a research note on Monday. Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Weiss Ratings raised HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Mizuho increased their target price on HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Finally, Evercore initiated coverage on HF Sinclair in a research note on Friday, July 17th. They set an “in-line” rating and a $85.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

HF Sinclair Price Performance

Shares of DINO opened at $113.45 on Wednesday. The stock has a 50 day moving average of $112.56 and a 200-day moving average of $78.83. HF Sinclair Corporation has a 52 week low of $45.71 and a 52 week high of $129.37. The firm has a market cap of $19.44 billion, a price-to-earnings ratio of 5.89 and a beta of 0.73. The company has a current ratio of 2.27, a quick ratio of 1.40 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 EPS for the quarter, topping analysts’ consensus estimates of $7.83 by $3.92. The firm had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $8.89 billion. HF Sinclair had a net margin of 10.12% and a return on equity of 32.95%. The firm’s revenue was up 49.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.44 earnings per share. As a group, analysts forecast that HF Sinclair Corporation will post 21.09 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Thursday, November 12th will be issued a $0.5250 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.10 annualized dividend and a dividend yield of 1.9%. HF Sinclair’s payout ratio is 10.65%.

HF Sinclair Company Profile

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.