Assenagon Asset Management S.A. Acquires Shares of 462,613 HF Sinclair Corporation $DINO

Assenagon Asset Management S.A. bought a new position in shares of HF Sinclair Corporation (NYSE:DINO) during the third quarter, HoldingsChannel reports. The institutional investor bought 462,613 shares of the company’s stock, valued at approximately $24,213,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oak Thistle LLC purchased a new position in shares of HF Sinclair during the 3rd quarter valued at approximately $3,812,000. Central Pacific Bank Trust Division grew its holdings in HF Sinclair by 16.2% during the 3rd quarter. Central Pacific Bank Trust Division now owns 3,750 shares of the company’s stock worth $196,000 after acquiring an additional 522 shares in the last quarter. GAMMA Investing LLC increased its position in shares of HF Sinclair by 10.6% in the 3rd quarter. GAMMA Investing LLC now owns 7,629 shares of the company’s stock worth $399,000 after purchasing an additional 733 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of HF Sinclair by 3.1% in the 2nd quarter. Corient Private Wealth LLC now owns 30,943 shares of the company’s stock valued at $1,271,000 after purchasing an additional 942 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of HF Sinclair by 38.1% during the second quarter. Osaic Holdings Inc. now owns 37,446 shares of the company’s stock worth $1,471,000 after purchasing an additional 10,330 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DINO. Wells Fargo & Company initiated coverage on HF Sinclair in a report on Friday, October 17th. They issued an “equal weight” rating and a $58.00 price target for the company. Piper Sandler lifted their target price on HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Raymond James Financial restated a “strong-buy” rating and set a $65.00 price objective (up previously from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Mizuho increased their price objective on shares of HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Finally, Scotiabank restated an “outperform” rating on shares of HF Sinclair in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.20.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $46.90 on Friday. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $56.58. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The stock has a market cap of $8.63 billion, a PE ratio of 22.44 and a beta of 0.84. The business has a fifty day simple moving average of $52.30 and a 200-day simple moving average of $48.15.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.50. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $6.99 billion. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.HF Sinclair’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. On average, sell-side analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, November 19th. HF Sinclair’s dividend payout ratio 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.