24,624 Shares in HF Sinclair Co. (NYSE:DINO) Acquired by Seven Eight Capital LP

Seven Eight Capital LP acquired a new stake in HF Sinclair Co. (NYSE:DINO) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 24,624 shares of the company’s stock, valued at approximately $1,313,000.

Several other institutional investors have also added to or reduced their stakes in the business. Rise Advisors LLC bought a new stake in shares of HF Sinclair in the first quarter worth approximately $26,000. Riverview Trust Co bought a new position in HF Sinclair during the first quarter valued at approximately $31,000. Principal Securities Inc. purchased a new stake in HF Sinclair in the fourth quarter worth approximately $30,000. Pingora Partners LLC bought a new stake in HF Sinclair in the 4th quarter worth approximately $35,000. Finally, Innealta Capital LLC purchased a new stake in HF Sinclair during the 2nd quarter valued at $34,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Up 0.7 %

DINO opened at $47.23 on Friday. The stock has a market cap of $9.08 billion, a price-to-earnings ratio of 5.85 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The firm’s fifty day moving average is $47.62 and its 200 day moving average is $53.23. HF Sinclair Co. has a fifty-two week low of $44.07 and a fifty-two week high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share 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 return on equity of 11.85% and a net margin of 3.80%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.60 earnings per share. On average, sell-side analysts forecast that HF Sinclair Co. will post 3.69 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s payout ratio is currently 24.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DINO shares. Mizuho dropped their price target on HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company cut their price target on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Wolfe Research initiated coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Piper Sandler dropped their price objective on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Finally, JPMorgan Chase & Co. upped their target price on shares of HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.55.

HF Sinclair 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.