Empirical Finance LLC Has $1.03 Million Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Empirical Finance LLC boosted its holdings in HF Sinclair Co. (NYSE:DINO) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,300 shares of the company’s stock after buying an additional 228 shares during the period. Empirical Finance LLC’s holdings in HF Sinclair were worth $1,029,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DINO. Rise Advisors LLC bought a new position in HF Sinclair in the first quarter valued at $26,000. Principal Securities Inc. acquired a new position in HF Sinclair in the 4th quarter valued at about $30,000. Riverview Trust Co bought a new position in shares of HF Sinclair during the first quarter worth approximately $31,000. Innealta Capital LLC acquired a new stake in shares of HF Sinclair during the second quarter worth $34,000. Finally, Pingora Partners LLC acquired a new stake in HF Sinclair in the 4th quarter worth about $35,000. 88.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DINO. Wells Fargo & Company cut their price target on shares of HF Sinclair from $61.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Argus upgraded shares of HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. increased their price target on HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Piper Sandler cut their price target on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Finally, Mizuho lowered their price objective on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.55.

HF Sinclair Stock Performance

Shares of DINO opened at $49.14 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09. The firm has a market capitalization of $9.44 billion, a PE ratio of 6.08 and a beta of 1.19. The company has a 50-day simple moving average of $49.19 and a two-hundred day simple moving average of $54.41. HF Sinclair Co. has a one year low of $44.09 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.73%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $2.60 earnings per share. On average, analysts anticipate that HF Sinclair Co. will post 3.85 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.07%. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

HF Sinclair Company Profile

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.