46,737 Shares in HF Sinclair Corporation $DINO Acquired by EULAV Asset Management

Key Points

• EULAV Asset Management acquired 46,737 shares of HF Sinclair, valued at approximately $5.0 million. Hedge funds and institutional investors collectively own 88.29% of the company.
• Analyst sentiment is moderately bullish, with a consensus rating of “Moderate Buy” and an average price target of $107.50; UBS and Goldman Sachs recently raised their targets.
• HF Sinclair reported quarterly earnings of $5.31 per share, exceeding estimates, while revenue rose 53.2% year over year. The company also increased its quarterly dividend to $0.525 per share, or $2.10 annually.

EULAV Asset Management bought a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 46,737 shares of the company's stock, valued at approximately $5,016,000.

A number of other hedge funds have also recently added to or reduced their stakes in DINO. BlackRock Inc. acquired a new stake in HF Sinclair in the 2nd quarter valued at $1,291,602,000. Dimensional Fund Advisors LP increased its holdings in HF Sinclair by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company's stock worth $577,114,000 after acquiring an additional 103,135 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in HF Sinclair by 3.8% in the 1st quarter. Bank of New York Mellon Corp now owns 2,063,790 shares of the company's stock worth $128,760,000 after acquiring an additional 75,798 shares in the last quarter. NFJ Investment Group LLC purchased a new stake in HF Sinclair in the 2nd quarter worth $97,422,000. Finally, Bank of America Corp DE acquired a new position in HF Sinclair during the second quarter worth $89,846,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DINO has been the subject of a number of research reports. Weiss Ratings raised shares of HF Sinclair from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Freedom Capital lowered shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. UBS Group raised their price target on shares of HF Sinclair from $126.00 to $133.00 and gave the company a "buy" rating in a research note on Saturday, October 3rd. The Goldman Sachs Group lifted their price objective on HF Sinclair from $114.00 to $142.00 and gave the stock a "buy" rating in a report on Friday, October 9th. Finally, TD Cowen boosted their price objective on HF Sinclair from $100.00 to $110.00 and gave the stock a "hold" rating in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, HF Sinclair currently has an average rating of "Moderate Buy" and a consensus target price of $107.50.

Insider Buying and Selling

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the sale, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company's stock.

HF Sinclair Price Performance

HF Sinclair stock opened at $121.54 on Monday. The company has a fifty day simple moving average of $110.00 and a 200-day simple moving average of $86.13. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of 11.60 and a beta of 0.72. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a 52-week low of $45.71 and a 52-week high of $129.37.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $4.49 by $0.82. The business had revenue of $10.39 billion during the quarter, compared to analysts' expectations of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company's quarterly revenue was up 53.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. On average, equities analysts anticipate that HF Sinclair Corporation will post 19.22 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were paid a dividend of $0.5250 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.10 annualized dividend and a yield of 1.7%. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. HF Sinclair's dividend payout ratio is currently 20.04%.

HF Sinclair Company Profile

HF Sinclair Corporation NYSE: DINO is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.

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