Zurcher Kantonalbank Zurich Cantonalbank Purchases 2,800 Shares of HF Sinclair Co. (NYSE:DINO)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in HF Sinclair Co. (NYSE:DINO) by 10.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,524 shares of the company’s stock after acquiring an additional 2,800 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in HF Sinclair were worth $1,628,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of HF Sinclair by 3.8% during the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after buying an additional 696,031 shares during the period. Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock valued at $297,027,000 after acquiring an additional 98,477 shares during the period. AustralianSuper Pty Ltd grew its position in HF Sinclair by 15.3% in the 2nd quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock valued at $80,131,000 after acquiring an additional 199,881 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of HF Sinclair by 1.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,455,962 shares of the company’s stock worth $80,908,000 after purchasing an additional 17,934 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of HF Sinclair during the fourth quarter valued at $65,774,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DINO. JPMorgan Chase & Co. raised their price target on shares of HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Mizuho lowered their price target on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Argus upgraded HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. UBS Group lowered their target price on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, Piper Sandler cut their price target on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.55.

HF Sinclair Price Performance

NYSE DINO opened at $49.14 on Monday. The firm’s fifty day simple moving average is $49.19 and its two-hundred day simple moving average is $54.34. The firm has a market capitalization of $9.44 billion, a P/E ratio of 6.08 and a beta of 1.19. 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 $44.09 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.60 EPS. Analysts forecast that HF Sinclair Co. will post 3.69 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 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.