Legacy Capital Group California Inc. Purchases 3,357 Shares of HF Sinclair Co. (NYSE:DINO)

Legacy Capital Group California Inc. raised its position in HF Sinclair Co. (NYSE:DINO) by 23.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,721 shares of the company’s stock after purchasing an additional 3,357 shares during the period. Legacy Capital Group California Inc.’s holdings in HF Sinclair were worth $790,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DINO. Matrix Trust Co raised its position in HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares in the last quarter. Innealta Capital LLC bought a new stake in HF Sinclair in the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV boosted its stake in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after buying an additional 370 shares in the last quarter. Bessemer Group Inc. grew its position in HF Sinclair by 201.0% during the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock valued at $71,000 after acquiring an additional 782 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in shares of HF Sinclair by 15,200.0% during the second quarter. Abich Financial Wealth Management LLC now owns 1,377 shares of the company’s stock worth $73,000 after acquiring an additional 1,368 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DINO shares. UBS Group dropped their target price on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. BMO Capital Markets dropped their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Wells Fargo & Company reduced their price objective on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Finally, Morgan Stanley cut their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.82.

HF Sinclair Stock Up 0.1 %

Shares of DINO opened at $42.92 on Friday. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. HF Sinclair Co. has a 12-month low of $42.42 and a 12-month high of $64.16. The business’s 50 day moving average is $46.07 and its 200 day moving average is $50.76. The company has a market capitalization of $8.25 billion, a PE ratio of 5.31 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter in the previous year, the business posted $2.60 earnings per share. HF Sinclair’s quarterly revenue was up .2% on a year-over-year basis. Research analysts expect that HF Sinclair Co. will post 2.65 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.