Keynote Financial Services LLC Boosts Holdings in HF Sinclair Corporation $DINO

Keynote Financial Services LLC lifted its position in shares of HF Sinclair Corporation (NYSE:DINO) by 10.6% in the second quarter, Holdings Channel reports. The institutional investor owned 28,199 shares of the company’s stock after acquiring an additional 2,704 shares during the quarter. Keynote Financial Services LLC’s holdings in HF Sinclair were worth $1,158,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DINO. Teacher Retirement System of Texas purchased a new position in HF Sinclair in the first quarter worth approximately $1,123,000. Envestnet Asset Management Inc. lifted its stake in shares of HF Sinclair by 47.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 176,300 shares of the company’s stock valued at $5,797,000 after purchasing an additional 56,596 shares during the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of HF Sinclair by 8.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 10,659 shares of the company’s stock worth $350,000 after purchasing an additional 873 shares during the period. M&T Bank Corp increased its position in shares of HF Sinclair by 20.2% during the 1st quarter. M&T Bank Corp now owns 31,294 shares of the company’s stock worth $1,029,000 after purchasing an additional 5,249 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after purchasing an additional 1,130 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 1.1%

NYSE DINO opened at $55.33 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The firm has a market cap of $10.18 billion, a price-to-earnings ratio of -120.28 and a beta of 0.99. The firm has a 50 day simple moving average of $52.52 and a 200-day simple moving average of $44.91. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $55.71.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same period in the prior year, the business earned $0.51 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 19th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. HF Sinclair’s dividend payout ratio (DPR) is 95.69%.

Analyst Ratings Changes

A number of research analysts have commented on DINO shares. Barclays upped their target price on shares of HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group boosted their price target on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Mizuho upped their price objective on shares of HF Sinclair from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Monday. Finally, UBS Group boosted their target price on HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and a consensus target price of $58.73.

HF Sinclair Company 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.