Greenfield Seitz Capital Management LLC Acquires 21,605 Shares of HF Sinclair Corporation $DINO

Key Points

• Greenfield Seitz Capital Management acquired 21,605 shares of HF Sinclair valued at approximately $2.32 million, while institutional investors collectively own 88.29% of the company.
• HF Sinclair reported strong quarterly results, with EPS of $11.75 versus the $7.83 consensus estimate and revenue of $10.86 billion, up 49.7% year over year.
• Analysts maintain a consensus “Moderate Buy” rating with a $116 price target, while HF Sinclair declared a quarterly dividend of $0.525 per share, yielding about 1.9% annually.

Greenfield Seitz Capital Management LLC acquired a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,605 shares of the company's stock, valued at approximately $2,319,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of HF Sinclair in the second quarter valued at $1,291,602,000. Dimensional Fund Advisors LP raised its holdings in shares of HF Sinclair by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company's stock valued at $577,114,000 after buying an additional 103,135 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in HF Sinclair during the 2nd quarter worth about $140,654,000. NFJ Investment Group LLC acquired a new position in HF Sinclair during the 2nd quarter worth about $97,422,000. Finally, Bank of America Corp DE acquired a new position in HF Sinclair during the 2nd quarter worth about $89,846,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Insider Activity

In other news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DINO shares. Freedom Capital cut shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Mizuho boosted their target price on shares of HF Sinclair from $85.00 to $119.00 and gave the stock a "neutral" rating in a research note on Thursday, October 8th. UBS Group upped their target price on shares of HF Sinclair from $126.00 to $133.00 and gave the stock a "buy" rating in a research report on Saturday, October 3rd. Raymond James Financial set a $150.00 price target on shares of HF Sinclair in a research note on Wednesday, October 28th. Finally, Weiss Ratings raised shares of HF Sinclair from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.00.

HF Sinclair Price Performance

HF Sinclair stock opened at $111.52 on Tuesday. The business's 50-day simple moving average is $112.19 and its 200 day simple moving average is $78.52. The stock has a market cap of $19.11 billion, a price-to-earnings ratio of 5.66 and a beta of 0.72. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $129.37. 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 (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 EPS for the quarter, topping analysts' consensus estimates of $7.83 by $3.92. The firm had revenue of $10.86 billion during the quarter, compared to analyst estimates of $8.89 billion. HF Sinclair had a return on equity of 34.65% and a net margin of 10.12%. The company's revenue was up 49.7% on a year-over-year basis. During the same period last year, the company earned $2.44 earnings per share. As a group, research analysts anticipate that HF Sinclair Corporation will post 21.09 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Thursday, November 12th will be paid a $0.5250 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, November 12th. HF Sinclair's dividend payout ratio (DPR) is 10.65%.

About HF Sinclair

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.

Want to see what other hedge funds are holding DINO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HF Sinclair Corporation (NYSE:DINO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.