Fort Washington Investment Advisors Inc. OH Takes $15.10 Million Position in HF Sinclair Corporation $DINO

Key Points

• Fort Washington Investment Advisors Inc. has acquired a new stake in HF Sinclair Corporation worth approximately $15.1 million, buying 367,600 shares as of its latest SEC filing.
• HF Sinclair's quarterly earnings exceeded analyst expectations, with earnings per share reported at $1.70, beating estimates by $0.61, despite a year-over-year revenue decline.
• Analysts have varied opinions on HF Sinclair, with a consensus rating of "Moderate Buy" and an average target price of $53.25, indicating potential growth for the stock.

Fort Washington Investment Advisors Inc. OH bought a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 367,600 shares of the company's stock, valued at approximately $15,101,000. Fort Washington Investment Advisors Inc. OH owned approximately 0.20% of HF Sinclair as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of DINO. West Oak Capital LLC bought a new stake in shares of HF Sinclair in the 2nd quarter worth about $38,000. Byrne Asset Management LLC purchased a new position in HF Sinclair in the first quarter worth about $35,000. Allworth Financial LP increased its stake in HF Sinclair by 553.9% during the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after acquiring an additional 1,130 shares during the last quarter. UMB Bank n.a. raised its position in HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after purchasing an additional 1,498 shares during the period. Finally, Farther Finance Advisors LLC raised its position in HF Sinclair by 157.8% during the second quarter. Farther Finance Advisors LLC now owns 1,722 shares of the company's stock valued at $71,000 after purchasing an additional 1,054 shares during the period. Institutional investors own 88.29% of the company's stock.

Wall Street Analyst Weigh In

DINO has been the topic of several analyst reports. Barclays boosted their target price on HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Raymond James Financial reiterated a "strong-buy" rating on shares of HF Sinclair in a research report on Tuesday, September 9th. Morgan Stanley raised their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. Finally, Scotiabank increased their price objective on shares of HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, HF Sinclair presently has a consensus rating of "Moderate Buy" and an average target price of $53.25.

HF Sinclair Trading Down 1.4%

NYSE DINO opened at $53.24 on Monday. The stock has a market cap of $9.96 billion, a PE ratio of -115.74 and a beta of 1.07. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $54.73. The company's 50-day moving average price is $48.11 and its 200-day moving average price is $39.99. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. The company had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm's revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. Equities research analysts forecast that HF Sinclair Corporation will post 2.39 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 4th. Investors of record on Thursday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.8%. HF Sinclair's dividend payout ratio is -434.78%.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction on Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the completion of the sale, the executive vice president directly owned 39,591 shares of the company's stock, valued at $1,683,805.23. The trade was a 21.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.28% of the stock is owned by insiders.

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.

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