HF Sinclair Corporation $DINO Position Boosted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in HF Sinclair Corporation (NYSE:DINO) by 33.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 492,041 shares of the company’s stock after purchasing an additional 124,441 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in HF Sinclair were worth $25,753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kiker Wealth Management LLC acquired a new position in HF Sinclair in the second quarter worth approximately $32,000. Johnson Financial Group Inc. bought a new stake in shares of HF Sinclair during the 2nd quarter worth $33,000. West Oak Capital LLC acquired a new position in shares of HF Sinclair in the 2nd quarter worth $38,000. State of Wyoming acquired a new stake in shares of HF Sinclair during the second quarter worth $41,000. Finally, Hilltop National Bank purchased a new stake in shares of HF Sinclair during the second quarter valued at $46,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of DINO opened at $46.26 on Wednesday. The company has a market capitalization of $8.51 billion, a PE ratio of 22.13 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. The company’s 50 day moving average price is $51.46 and its 200 day moving average price is $48.83. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $56.58.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The company had revenue of $7.25 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. Research analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 19th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a yield of 4.3%. HF Sinclair’s dividend payout ratio (DPR) is presently 95.69%.

Wall Street Analyst Weigh In

DINO has been the topic of a number of analyst reports. Scotiabank reissued an “outperform” rating on shares of HF Sinclair in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a research report on Monday. Piper Sandler upped their price target on shares of HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, November 14th. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, UBS Group boosted their target price on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $60.20.

HF Sinclair Company 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.