Cambria Investment Management L.P. Acquires Shares of 173,351 HF Sinclair Corporation $DINO

Cambria Investment Management L.P. acquired a new stake in HF Sinclair Corporation (NYSE:DINO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 173,351 shares of the company’s stock, valued at approximately $9,073,000. Cambria Investment Management L.P. owned about 0.09% of HF Sinclair at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DINO. Quent Capital LLC acquired a new position in HF Sinclair during the third quarter valued at $28,000. Johnson Financial Group Inc. acquired a new stake in HF Sinclair during the 2nd quarter worth about $33,000. State of Wyoming purchased a new position in shares of HF Sinclair during the 2nd quarter valued at about $41,000. CI Investments Inc. raised its stake in shares of HF Sinclair by 20.0% during the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after buying an additional 187 shares during the last quarter. Finally, Delos Wealth Advisors LLC acquired a new position in shares of HF Sinclair in the 2nd quarter valued at about $70,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $59.98 on Thursday. The firm has a market cap of $10.81 billion, a PE ratio of 19.54 and a beta of 0.83. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $60.44. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $53.31 and a 200 day moving average price of $52.09.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.HF Sinclair’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($1.02) earnings per share. Sell-side analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. HF Sinclair’s dividend payout ratio (DPR) is currently 65.15%.

Wall Street Analyst Weigh In

DINO has been the topic of several analyst reports. Mizuho raised their target price on HF Sinclair from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday. Wall Street Zen downgraded HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. Piper Sandler dropped their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Finally, Argus raised shares of HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $59.27.

About HF Sinclair

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.