Hsbc Holdings PLC Boosts Holdings in HF Sinclair Co. (NYSE:DINO)

Hsbc Holdings PLC grew its position in shares of HF Sinclair Co. (NYSE:DINO) by 22.3% in the second quarter, Holdings Channel reports. The institutional investor owned 329,726 shares of the company’s stock after buying an additional 60,155 shares during the period. Hsbc Holdings PLC’s holdings in HF Sinclair were worth $17,559,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in DINO. Vanguard Group Inc. boosted its stake in shares of HF Sinclair by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock valued at $1,012,184,000 after buying an additional 1,549,091 shares in the last quarter. Norges Bank purchased a new stake in shares of HF Sinclair during the 4th quarter worth $65,774,000. Janus Henderson Group PLC grew its stake in shares of HF Sinclair by 15,066.7% during the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock worth $40,168,000 after purchasing an additional 660,978 shares during the period. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of HF Sinclair in the second quarter valued at about $33,177,000. Finally, Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after buying an additional 399,988 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Price Performance

HF Sinclair stock opened at $46.25 on Monday. HF Sinclair Co. has a 1 year low of $44.07 and a 1 year high of $64.16. 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 has a 50 day moving average price of $47.58 and a 200 day moving average price of $53.13. The company has a market cap of $8.89 billion, a price-to-earnings ratio of 5.72 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period in the prior year, the firm posted $2.60 EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts predict that HF Sinclair Co. will post 3.69 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DINO. Wells Fargo & Company dropped their target price on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Piper Sandler reduced their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday. UBS Group lowered their target price on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Argus raised HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Finally, Mizuho lowered their price objective on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Six investment 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $59.73.

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.