HF Sinclair Corporation $DINO Stock Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC lifted its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 688.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,891 shares of the company's stock after buying an additional 21,733 shares during the period. Kestra Investment Management LLC's holdings in HF Sinclair were worth $2,671,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DINO. Reyes Financial Architecture Inc. purchased a new stake in shares of HF Sinclair during the third quarter valued at approximately $29,000. Bullock Wealth Management Group bought a new stake in HF Sinclair during the third quarter worth $41,000. Latitude Advisors LLC bought a new stake in HF Sinclair during the third quarter worth $40,000. Richardson Financial Services Inc. purchased a new position in HF Sinclair in the third quarter worth $48,000. Finally, Lynch Investment Planning LLC purchased a new position in HF Sinclair in the third quarter worth $49,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Up 2.7%

Shares of DINO stock opened at $99.82 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 2.27 and a debt-to-equity ratio of 0.24. The firm has a market cap of $17.11 billion, a P/E ratio of 5.06 and a beta of 0.73. The company has a 50 day moving average of $112.80 and a 200-day moving average of $79.84. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $129.37.

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

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 12th will be given a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, November 12th. HF Sinclair's dividend payout ratio (DPR) is currently 10.65%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DINO shares. Barclays upped 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. The Goldman Sachs Group lifted their target price on HF Sinclair from $114.00 to $142.00 and gave the stock a "buy" rating in a research note on Friday, October 9th. Evercore started coverage on shares of HF Sinclair in a 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 report on Wednesday, October 28th. Finally, Morgan Stanley increased their price target on shares of HF Sinclair from $127.00 to $130.00 and gave the company an "overweight" rating in a research report on Monday, November 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $116.00.

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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