HF Sinclair Corporation $DINO Shares Acquired by Monument Capital Management
by Mitch Edgeman · The Markets DailyMonument Capital Management boosted its holdings in HF Sinclair Corporation (NYSE:DINO – Free Report) by 78.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,658 shares of the company’s stock after purchasing an additional 16,581 shares during the quarter. Monument Capital Management’s holdings in HF Sinclair were worth $4,041,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of DINO. Blue Trust Inc. grew its position in shares of HF Sinclair by 4.7% during the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after buying an additional 228 shares during the period. Unison Advisors LLC lifted its position in shares of HF Sinclair by 1.0% during the 1st quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock valued at $1,469,000 after acquiring an additional 234 shares during the period. Versant Capital Management Inc lifted its position in shares of HF Sinclair by 31.2% during the 2nd quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock valued at $69,000 after acquiring an additional 234 shares during the period. Inspire Investing LLC boosted its stake in HF Sinclair by 13.1% during the first quarter. Inspire Investing LLC now owns 2,395 shares of the company’s stock worth $149,000 after acquiring an additional 277 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in HF Sinclair by 5.4% in the second quarter. Concurrent Investment Advisors LLC now owns 5,794 shares of the company’s stock worth $404,000 after purchasing an additional 295 shares during the period. 88.29% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.
HF Sinclair Stock Performance
Shares of DINO stock opened at $120.63 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $101.80 and a two-hundred day simple moving average of $81.25. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $120.83. The firm has a market capitalization of $21.45 billion, a PE ratio of 11.51 and a beta of 0.72.
HF Sinclair (NYSE:DINO – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same period last year, the firm earned $1.10 earnings per share. Analysts forecast that HF Sinclair Corporation will post 18.15 EPS for the current fiscal year.
HF Sinclair Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were given a $0.5250 dividend. This represents a $2.10 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is 20.04%.
Wall Street Analysts Forecast Growth
DINO has been the subject of several research analyst reports. UBS Group lifted their price target on shares of HF Sinclair from $126.00 to $133.00 and gave the company a “buy” rating in a research note on Saturday, October 3rd. Wells Fargo & Company increased their price objective on shares of HF Sinclair from $67.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. Mizuho raised their target price on HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday. Morgan Stanley boosted their target price on HF Sinclair from $78.00 to $127.00 and gave the company an “overweight” rating in a research report on Monday, September 14th. Finally, Weiss Ratings raised HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average target price of $97.67.
Read Our Latest Research Report on HF Sinclair
About HF Sinclair
HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.
HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.
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