Oppenheimer & Co. Inc. Boosts Stake in HF Sinclair Co. (NYSE:DINO)

Oppenheimer & Co. Inc. increased its stake in HF Sinclair Co. (NYSE:DINO) by 5.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,465 shares of the company’s stock after buying an additional 2,124 shares during the period. Oppenheimer & Co. Inc.’s holdings in HF Sinclair were worth $1,982,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Matrix Trust Co raised its stake in shares of HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares in the last quarter. Capital Performance Advisors LLP bought a new position in HF Sinclair during the 3rd quarter worth approximately $27,000. Innealta Capital LLC acquired a new position in shares of HF Sinclair in the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after acquiring an additional 370 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in shares of HF Sinclair by 201.0% during the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock valued at $71,000 after acquiring an additional 782 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on DINO. Piper Sandler decreased their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Morgan Stanley lowered their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Scotiabank cut their target price on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Mizuho lowered their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut their price target on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $54.27.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Friday, November 1st. The shares were bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.28% of the company’s stock.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $42.18 on Monday. The stock has a market cap of $7.94 billion, a P/E ratio of 26.04 and a beta of 1.18. The firm’s 50-day simple moving average is $43.91 and its 200 day simple moving average is $48.72. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair’s revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the firm earned $4.06 EPS. Equities analysts expect that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.74%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

HF Sinclair 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.