Fifth Third Wealth Advisors LLC Purchases New Stake in HF Sinclair Co. (NYSE:DINO)

Fifth Third Wealth Advisors LLC acquired a new position in shares of HF Sinclair Co. (NYSE:DINO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,693 shares of the company’s stock, valued at approximately $250,000.

A number of other hedge funds have also recently bought and sold shares of DINO. International Assets Investment Management LLC purchased a new position in HF Sinclair during the 4th quarter worth $408,000. Cerity Partners LLC purchased a new position in HF Sinclair during the 4th quarter worth $293,000. Mackenzie Financial Corp boosted its holdings in HF Sinclair by 27.9% during the 4th quarter. Mackenzie Financial Corp now owns 18,456 shares of the company’s stock worth $1,026,000 after acquiring an additional 4,021 shares during the last quarter. Federated Hermes Inc. boosted its holdings in HF Sinclair by 13.0% during the 4th quarter. Federated Hermes Inc. now owns 21,004 shares of the company’s stock worth $1,167,000 after acquiring an additional 2,409 shares during the last quarter. Finally, Xponance Inc. raised its stake in shares of HF Sinclair by 8.3% during the 4th quarter. Xponance Inc. now owns 20,432 shares of the company’s stock worth $1,135,000 after purchasing an additional 1,562 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

Shares of DINO stock traded down $0.13 during trading on Thursday, hitting $47.15. The company had a trading volume of 113,294 shares, compared to its average volume of 1,950,757. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. The stock’s 50-day moving average is $49.84 and its two-hundred day moving average is $54.88. The stock has a market capitalization of $9.06 billion, a price-to-earnings ratio of 5.85 and a beta of 1.19. HF Sinclair Co. has a 52 week low of $44.09 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.73%. HF Sinclair’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.60 earnings per share. As a group, analysts predict that HF Sinclair Co. will post 3.85 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, August 21st. HF Sinclair’s payout ratio is currently 24.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday. Argus upgraded HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Wells Fargo & Company lowered their price objective on HF Sinclair from $61.00 to $60.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Barclays boosted their price objective on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, Piper Sandler lowered their price objective on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.55.

HF Sinclair Company Profile

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.