Citigroup Inc. Increases Position in HF Sinclair Corporation $DINO

Citigroup Inc. raised its position in shares of HF Sinclair Corporation (NYSE:DINO) by 41.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 445,121 shares of the company’s stock after buying an additional 130,338 shares during the period. Citigroup Inc.’s holdings in HF Sinclair were worth $23,298,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DINO. Hillsdale Investment Management Inc. acquired a new position in HF Sinclair during the 3rd quarter worth about $1,052,000. AMG National Trust Bank increased its stake in HF Sinclair by 0.4% during the third quarter. AMG National Trust Bank now owns 52,293 shares of the company’s stock worth $2,737,000 after purchasing an additional 234 shares during the period. SCP Investment LP lifted its position in shares of HF Sinclair by 41.2% during the third quarter. SCP Investment LP now owns 9,600 shares of the company’s stock worth $502,000 after purchasing an additional 2,800 shares in the last quarter. Denali Advisors LLC purchased a new position in shares of HF Sinclair in the third quarter valued at approximately $214,000. Finally, State of New Jersey Common Pension Fund D grew its holdings in shares of HF Sinclair by 1.2% in the third quarter. State of New Jersey Common Pension Fund D now owns 57,256 shares of the company’s stock valued at $2,997,000 after purchasing an additional 660 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Up 1.8%

Shares of NYSE:DINO opened at $50.76 on Friday. The firm has a 50 day simple moving average of $50.87 and a 200-day simple moving average of $51.20. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $59.33. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $9.34 billion, a PE ratio of 16.53 and a beta of 0.87.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.83 by $0.37. HF Sinclair had a net margin of 2.15% and a return on equity of 10.16%. The firm had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the business earned ($1.02) EPS. HF Sinclair’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, March 2nd. HF Sinclair’s payout ratio is presently 65.15%.

Analyst Ratings Changes

DINO has been the subject of several recent research reports. UBS Group raised their price target on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a report on Monday, December 29th. Zacks Research cut HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Piper Sandler reduced their price target on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Finally, Mizuho boosted their price objective on HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $58.73.

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.