Fort Washington Investment Advisors Inc. OH Lowers Position in HF Sinclair Corporation $DINO

Fort Washington Investment Advisors Inc. OH trimmed its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 1.6% during the 4th quarter, Holdings Channel reports. The fund owned 484,084 shares of the company’s stock after selling 7,957 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in HF Sinclair were worth $22,307,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DINO. CI Investments Inc. raised its holdings in shares of HF Sinclair by 20.0% in the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after purchasing an additional 187 shares in the last quarter. AMG National Trust Bank boosted its stake in shares of HF Sinclair by 0.4% during the third quarter. AMG National Trust Bank now owns 52,293 shares of the company’s stock valued at $2,737,000 after purchasing an additional 234 shares in the last quarter. Nicollet Investment Management Inc. boosted its stake in shares of HF Sinclair by 1.9% during the third quarter. Nicollet Investment Management Inc. now owns 13,299 shares of the company’s stock valued at $696,000 after purchasing an additional 250 shares in the last quarter. Bessemer Group Inc. increased its holdings in HF Sinclair by 21.2% during the third quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock valued at $74,000 after buying an additional 251 shares during the period. Finally, Unison Advisors LLC increased its holdings in HF Sinclair by 1.1% during the third quarter. Unison Advisors LLC now owns 23,097 shares of the company’s stock valued at $1,209,000 after buying an additional 257 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.6%

NYSE:DINO opened at $63.62 on Friday. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of 20.72 and a beta of 0.83. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $64.17. 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 firm has a 50 day moving average of $54.91 and a 200 day moving average of $52.56.

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

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, March 2nd. HF Sinclair’s payout ratio is 65.15%.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of analyst reports. Argus upgraded HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Scotiabank downgraded HF Sinclair from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $62.00 to $53.00 in a report on Wednesday, February 18th. Piper Sandler reduced their price target on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Raymond James Financial upped their price objective on HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Wednesday. Finally, BMO Capital Markets dropped their price objective on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.18.

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.