SG Americas Securities LLC Acquires 167,261 Shares of HF Sinclair Corporation $DINO

Key Points

• SG Americas Securities LLC dramatically increased its stake in HF Sinclair by 3,173.2%, purchasing an additional 167,261 shares to hold 172,532 shares worth about $7.95 million (roughly 0.09% of the company).
• Analyst coverage is mixed with an average rating of "Hold" and an average target of $60.18; Raymond James raised its target to $75 with a "strong-buy," while consensus includes 1 Strong Buy, 6 Buy, 7 Hold and 1 Sell.
• HF Sinclair beat quarterly expectations with $1.20 EPS (vs. $0.83 est.) and $6.46B revenue (vs. $6.19B est.), and it pays a $0.50 quarterly dividend (annualized $2.00, ~3.2% yield).

SG Americas Securities LLC raised its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 3,173.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 172,532 shares of the company's stock after buying an additional 167,261 shares during the period. SG Americas Securities LLC owned 0.09% of HF Sinclair worth $7,950,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quent Capital LLC bought a new position in shares of HF Sinclair in the 3rd quarter valued at about $28,000. State of Wyoming bought a new position in HF Sinclair in the second quarter valued at approximately $41,000. CI Investments Inc. grew its stake in HF Sinclair by 20.0% in the third 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. Delos Wealth Advisors LLC bought a new position in HF Sinclair in the second quarter valued at approximately $70,000. Finally, CoreFirst Bank & Trust acquired a new position in shares of HF Sinclair during the 2nd quarter worth approximately $73,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DINO shares. Raymond James Financial upped their price objective on HF Sinclair from $66.00 to $75.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, March 25th. Wall Street Zen downgraded shares of HF Sinclair from a "strong-buy" rating to a "buy" rating in a report on Monday, January 19th. TD Cowen upped their price target on shares of HF Sinclair from $44.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, February 19th. Barclays cut their price target on shares of HF Sinclair from $54.00 to $51.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 13th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of HF Sinclair in a research report on Friday. One 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $60.18.

HF Sinclair Stock Down 1.0%

DINO opened at $63.09 on Tuesday. The stock's fifty day simple moving average is $55.20 and its 200 day simple moving average is $52.66. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $64.70. The stock has a market cap of $11.37 billion, a PE ratio of 20.55 and a beta of 0.83. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.37. The firm had revenue of $6.46 billion during the quarter, compared to analysts' expectations of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The company's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.02) earnings per share. As a group, research analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a $0.50 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. HF Sinclair's dividend payout ratio is 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.

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