HF Sinclair Corporation $DINO Stock: Fulcrum Asset Management LLP Boosts Position

Fulcrum Asset Management LLP raised its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 185,556.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,705 shares of the company's stock after purchasing an additional 29,689 shares during the period. Fulcrum Asset Management LLP's holdings in HF Sinclair were worth $3,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DINO. SYM FINANCIAL Corp raised its stake in shares of HF Sinclair by 1.3% in the third quarter. SYM FINANCIAL Corp now owns 6,643 shares of the company's stock valued at $713,000 after buying an additional 84 shares during the period. Parallel Advisors LLC grew its stake in shares of HF Sinclair by 2.2% during the 3rd quarter. Parallel Advisors LLC now owns 5,921 shares of the company's stock worth $635,000 after acquiring an additional 125 shares during the period. Unison Advisors LLC grew its stake in shares of HF Sinclair by 0.6% during the 3rd quarter. Unison Advisors LLC now owns 23,890 shares of the company's stock worth $2,564,000 after acquiring an additional 151 shares during the period. Signaturefd LLC increased its holdings in HF Sinclair by 2.7% in the 3rd quarter. Signaturefd LLC now owns 6,958 shares of the company's stock worth $747,000 after acquiring an additional 180 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC increased its holdings in HF Sinclair by 4.7% in the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,176 shares of the company's stock worth $555,000 after acquiring an additional 230 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DINO shares. Barclays boosted their price objective on HF Sinclair from $86.00 to $122.00 and gave the company an "equal weight" rating in a research note on Monday, October 12th. UBS Group lifted their target price on shares of HF Sinclair from $126.00 to $133.00 and gave the stock a "buy" rating in a research note on Saturday, October 3rd. Evercore started coverage on shares of HF Sinclair in a research report on Friday, July 17th. They issued an "in-line" rating and a $85.00 price target on the stock. Raymond James Financial set a $150.00 price target on shares of HF Sinclair in a research report on Wednesday, October 28th. Finally, Zacks Research upgraded shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $116.00.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $99.82 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.40 and a current ratio of 2.27. HF Sinclair Corporation has a fifty-two week low of $45.71 and a fifty-two week high of $129.37. The stock has a market cap of $17.11 billion, a PE ratio of 5.06 and a beta of 0.73. The stock has a fifty day moving average of $112.80 and a 200-day moving average of $79.84.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.83 by $3.92. The business had revenue of $10.86 billion for the quarter, compared to analysts' expectations of $8.89 billion. HF Sinclair had a return on equity of 32.95% and a net margin of 10.12%. The firm's quarterly revenue was up 49.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.44 EPS. Equities research analysts anticipate that HF Sinclair Corporation will post 22.32 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Thursday, November 12th will be given a dividend of $0.5250 per share. The ex-dividend date is Thursday, November 12th. This represents a $2.10 annualized dividend and a dividend yield of 2.1%. HF Sinclair's dividend payout ratio is currently 10.65%.

About HF Sinclair

HF Sinclair Corporation is an energy company that refines crude oil and sells fuels and other petroleum products. Its offerings include gasoline, diesel, jet fuel, asphalt, and specialty products such as lubricants and chemicals.

The company also operates midstream businesses, including pipelines, terminals, and other infrastructure that support the transportation and storage of crude oil and refined products. Its operations include renewable fuels, and its products are marketed under brands that include Sinclair.

HF Sinclair was formed in 2022 through the combination of HollyFrontier Corporation and Sinclair Oil Corporation.

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