KLP Kapitalforvaltning AS Sells 55,600 Shares of HF Sinclair Corporation $DINO

by · The Markets Daily

KLP Kapitalforvaltning AS decreased its holdings in HF Sinclair Corporation (NYSE:DINO – Free Report) by 34.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 107,100 shares of the company’s stock after selling 55,600 shares during the period. KLP Kapitalforvaltning AS’s holdings in HF Sinclair were worth $5,606,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. PFG Investments LLC purchased a new position in shares of HF Sinclair in the second quarter worth $244,000. Campbell & CO Investment Adviser LLC bought a new stake in HF Sinclair in the 2nd quarter valued at $1,851,000. Charles Schwab Investment Management Inc. lifted its stake in HF Sinclair by 5.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock worth $255,764,000 after purchasing an additional 298,735 shares in the last quarter. OMNI 360 Wealth Inc. bought a new position in shares of HF Sinclair during the 2nd quarter valued at about $218,000. Finally, Diversified Trust Co grew its position in shares of HF Sinclair by 211.5% during the third quarter. Diversified Trust Co now owns 45,509 shares of the company’s stock valued at $2,382,000 after purchasing an additional 30,901 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $50.30 on Friday. The firm has a market capitalization of $9.25 billion, a PE ratio of 24.07 and a beta of 0.84. The stock’s fifty day moving average is $50.61 and its 200 day moving average is $49.10. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $56.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91.

HF Sinclair (NYSE:DINO – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.51 earnings per share. On average, sell-side analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.00 annualized dividend and a yield of 4.0%. HF Sinclair’s dividend payout ratio (DPR) is presently 95.69%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DINO. Raymond James Financial reiterated a “strong-buy” rating and issued a $65.00 target price (up from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Mizuho lifted their price objective on HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Scotiabank reiterated an “outperform” rating on shares of HF Sinclair in a research report on Thursday, October 9th. The Goldman Sachs Group raised their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Finally, Wells Fargo & Company began coverage on shares of HF Sinclair in a research note on Friday, October 17th. They set an “equal weight” rating and a $58.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.60.

Read Our Latest Research Report on HF Sinclair

About HF Sinclair

(Free Report)

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.

Further Reading

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