HF Sinclair Corporation $DINO Stock: Fort Washington Investment Advisors Inc. OH Reduces Position

Key Points

• Fort Washington Investment Advisors cut its HF Sinclair stake by 41.6% in the third quarter, selling 126,533 shares and retaining 177,620 shares valued at approximately $19.1 million. Institutional investors and hedge funds collectively own 88.29% of DINO.
• HF Sinclair reported strong quarterly results, with EPS of $5.31 beating estimates of $4.49 and revenue rising 53.2% year over year to $10.39 billion. Analysts expect full-year EPS of $18.15.
• The company raised its quarterly dividend to $0.525, or $2.10 annually, representing a 1.7% yield. Analysts maintain a “Moderate Buy” consensus, with several firms recently increasing their price targets.

Fort Washington Investment Advisors Inc. OH trimmed its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 41.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 177,620 shares of the company's stock after selling 126,533 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.10% of HF Sinclair worth $19,062,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of HF Sinclair in the second quarter worth $1,291,602,000. Amundi raised its holdings in HF Sinclair by 12.7% in the second quarter. Amundi now owns 309,993 shares of the company's stock valued at $21,591,000 after acquiring an additional 35,049 shares in the last quarter. Energy Income Partners LLC bought a new position in HF Sinclair during the 2nd quarter valued at $5,210,000. State of Wyoming bought a new position in HF Sinclair during the 2nd quarter valued at $859,000. Finally, Corient Private Wealth LP acquired a new stake in shares of HF Sinclair in the 2nd quarter valued at about $913,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of DINO opened at $124.81 on Friday. The business's fifty day moving average price is $105.62 and its 200 day moving average price is $83.48. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $129.37. The stock has a market capitalization of $22.19 billion, a PE ratio of 13.25 and a beta of 0.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts' consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The firm's revenue was up 53.2% on a year-over-year basis. Equities research analysts forecast that HF Sinclair Corporation will post 18.15 EPS for the current year.

HF Sinclair Increases Dividend

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

Insider Activity at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $3,599,809.38. This represents a 17.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

DINO has been the topic of several research analyst reports. Weiss Ratings raised shares of HF Sinclair from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. UBS Group lifted their price target on HF Sinclair from $126.00 to $133.00 and gave the stock a "buy" rating in a research note on Saturday, October 3rd. Raymond James Financial boosted their price objective on HF Sinclair from $105.00 to $140.00 and gave the company a "strong-buy" rating in a report on Monday, September 14th. Mizuho boosted their price objective on HF Sinclair from $85.00 to $119.00 and gave the company a "neutral" rating in a report on Thursday, October 8th. Finally, The Goldman Sachs Group upped their price objective on HF Sinclair from $114.00 to $142.00 and gave the company a "buy" rating in a research note on Friday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $106.50.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.

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