SCP Investment LP Takes Position in HF Sinclair Corporation $DINO

SCP Investment LP bought a new stake in HF Sinclair Corporation (NYSE:DINO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 6,800 shares of the company’s stock, valued at approximately $279,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. ProShare Advisors LLC raised its holdings in shares of HF Sinclair by 4.2% in the second quarter. ProShare Advisors LLC now owns 7,101 shares of the company’s stock valued at $292,000 after buying an additional 287 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of HF Sinclair by 1.3% in the second quarter. Bank of Montreal Can now owns 22,788 shares of the company’s stock valued at $936,000 after buying an additional 290 shares in the last quarter. IFP Advisors Inc grew its holdings in HF Sinclair by 21.4% during the second quarter. IFP Advisors Inc now owns 1,694 shares of the company’s stock worth $71,000 after acquiring an additional 299 shares during the period. Louisiana State Employees Retirement System raised its position in HF Sinclair by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the company’s stock worth $1,853,000 after acquiring an additional 300 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock worth $78,000 after purchasing an additional 310 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DINO. UBS Group increased their price target on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Scotiabank restated an “outperform” rating on shares of HF Sinclair in a research report on Thursday, October 9th. Raymond James Financial reiterated a “strong-buy” rating and set a $65.00 price target (up from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price objective on HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $59.18.

HF Sinclair Price Performance

NYSE:DINO opened at $52.30 on Thursday. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The firm has a market cap of $9.62 billion, a price-to-earnings ratio of -113.68 and a beta of 0.99. The company’s 50-day moving average is $53.06 and its two-hundred day moving average is $46.67. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $56.58.

HF Sinclair (NYSE:DINO) last issued its quarterly 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 positive return on equity of 1.89% and a negative net margin of 0.32%.The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same period last year, the company earned $0.51 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. Research analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. HF Sinclair’s dividend payout ratio (DPR) is currently 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.