Twelve Points Wealth Management LLC Acquires 1,817 Shares of HF Sinclair Co. (NYSE:DINO)

Twelve Points Wealth Management LLC lifted its stake in HF Sinclair Co. (NYSE:DINO) by 12.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,332 shares of the company’s stock after purchasing an additional 1,817 shares during the period. Twelve Points Wealth Management LLC’s holdings in HF Sinclair were worth $728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in DINO. Teachers Retirement System of The State of Kentucky grew its holdings in HF Sinclair by 5.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 49,888 shares of the company’s stock valued at $2,772,000 after purchasing an additional 2,700 shares during the period. EP Wealth Advisors LLC bought a new position in HF Sinclair during the fourth quarter worth about $286,000. Goldman Sachs Group Inc. raised its position in shares of HF Sinclair by 7.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 590,503 shares of the company’s stock worth $32,814,000 after purchasing an additional 39,637 shares during the period. Vanguard Group Inc. increased its stake in HF Sinclair by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after purchasing an additional 1,549,091 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in HF Sinclair by 28.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 23,958 shares of the company’s stock valued at $1,331,000 after buying an additional 5,290 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Trading Up 0.9 %

Shares of HF Sinclair stock opened at $43.66 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. HF Sinclair Co. has a 1 year low of $43.17 and a 1 year high of $64.16. The business has a fifty day simple moving average of $46.35 and a two-hundred day simple moving average of $51.40. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of 5.40 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $2.60 EPS. Research analysts forecast that HF Sinclair Co. will post 2.65 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.58%. HF Sinclair’s dividend payout ratio is 24.75%.

Analysts Set New Price Targets

Several equities research analysts recently commented on DINO shares. Mizuho cut their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Argus raised HF Sinclair to a “hold” rating in a research report on Wednesday, June 26th. BMO Capital Markets dropped their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Barclays reduced their price target on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, Piper Sandler decreased their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.82.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.