Assenagon Asset Management S.A. Buys 199,709 Shares of HF Sinclair Corporation $DINO

Assenagon Asset Management S.A. lifted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 43.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 662,322 shares of the company’s stock after purchasing an additional 199,709 shares during the period. Assenagon Asset Management S.A.’s holdings in HF Sinclair were worth $30,520,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DINO. Convergence Investment Partners LLC bought a new position in shares of HF Sinclair during the 3rd quarter valued at $1,408,000. Charles Schwab Investment Management Inc. lifted its stake in HF Sinclair by 5.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock worth $255,764,000 after purchasing an additional 298,735 shares during the last quarter. Citigroup Inc. boosted its position in HF Sinclair by 41.4% during the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock valued at $23,298,000 after buying an additional 130,338 shares during the period. RWC Asset Management LLP boosted its position in HF Sinclair by 30.3% during the third quarter. RWC Asset Management LLP now owns 143,634 shares of the company’s stock valued at $7,518,000 after buying an additional 33,394 shares during the period. Finally, Diversified Trust Co grew its stake in shares of HF Sinclair by 211.5% during the third quarter. Diversified Trust Co now owns 45,509 shares of the company’s stock valued at $2,382,000 after buying an additional 30,901 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DINO. Mizuho lifted their price objective on HF Sinclair from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. Barclays decreased their price target on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. BMO Capital Markets lowered their price objective on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Finally, Morgan Stanley set a $57.00 price objective on HF Sinclair in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, HF Sinclair has a consensus rating of “Hold” and a consensus target price of $60.18.

HF Sinclair Stock Down 0.8%

NYSE DINO opened at $60.92 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The stock has a market capitalization of $10.98 billion, a PE ratio of 19.84 and a beta of 0.83. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $62.46. The business’s 50-day moving average is $54.34 and its 200 day moving average is $52.40.

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

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.50 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. HF Sinclair’s dividend payout ratio is 65.15%.

HF Sinclair 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.