HF Sinclair Corporation $DINO Shares Sold by Kennedy Capital Management LLC

Key Points

• Kennedy Capital Management reduced its HF Sinclair (DINO) position by 18.9%, selling 97,266 shares to hold 418,509 shares (about 0.23% of the company) valued at roughly $21.9 million, and institutional investors collectively own 88.29% of the stock.
• Analysts are mixed but cautious: the consensus rating is "Hold" with an average target price of $58.73 after several firms adjusted targets (e.g., Piper Sandler $63, BMO $60, Barclays $51, TD Cowen $50).
• Recent financials and yield: DINO beat quarterly EPS estimates ($1.20 vs. $0.83), trades near $56.40 with a market cap around $10.2B, and pays a quarterly dividend of $0.50 (annualized $2.00) for a yield near 3.5%.

Kennedy Capital Management LLC decreased its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 18.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 418,509 shares of the company's stock after selling 97,266 shares during the period. Kennedy Capital Management LLC owned about 0.23% of HF Sinclair worth $21,905,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in shares of HF Sinclair during the third quarter valued at about $28,000. Johnson Financial Group Inc. acquired a new stake in HF Sinclair during the 2nd quarter valued at approximately $33,000. State of Wyoming purchased a new stake in HF Sinclair during the 2nd quarter worth approximately $41,000. CI Investments Inc. raised its position in shares of HF Sinclair by 20.0% in the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company's stock valued at $59,000 after purchasing an additional 187 shares in the last quarter. Finally, Delos Wealth Advisors LLC purchased a new position in shares of HF Sinclair during the 2nd quarter valued at approximately $70,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Analyst Ratings Changes

DINO has been the subject of a number of research analyst reports. Argus upgraded shares of HF Sinclair to a "hold" rating in a research note on Tuesday, February 24th. Piper Sandler decreased their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an "overweight" rating for the company in a report on Thursday, February 19th. BMO Capital Markets dropped their target price on shares of HF Sinclair from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, February 23rd. Barclays reduced their price target on shares of HF Sinclair from $54.00 to $51.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 13th. Finally, TD Cowen lifted their price target on HF Sinclair from $44.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $58.73.

HF Sinclair Stock Performance

DINO traded down $0.89 on Friday, hitting $56.40. 198,763 shares of the company's stock were exchanged, compared to its average volume of 3,066,420. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average of $52.54 and a two-hundred day moving average of $51.86. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $59.33. The firm has a market cap of $10.17 billion, a PE ratio of 18.44 and a beta of 0.83.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.HF Sinclair's quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.02) earnings per share. On average, research analysts anticipate that HF Sinclair Corporation will post 2.39 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, March 12th. Investors of record on Monday, March 2nd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, March 2nd. HF Sinclair's dividend payout ratio is presently 65.15%.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.

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.