Gallacher Capital Management LLC Makes New $571,000 Investment in HF Sinclair Corporation $DINO

Gallacher Capital Management LLC bought a new position in HF Sinclair Corporation (NYSE:DINO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,319 shares of the company’s stock, valued at approximately $571,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DINO. BlackRock Inc. acquired a new stake in HF Sinclair during the second quarter worth about $1,291,602,000. Dimensional Fund Advisors LP raised its holdings in shares of HF Sinclair by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock worth $577,114,000 after purchasing an additional 103,135 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of HF Sinclair in the 2nd quarter valued at about $140,654,000. NFJ Investment Group LLC acquired a new position in shares of HF Sinclair in the 2nd quarter valued at about $97,422,000. Finally, Bank of America Corp DE acquired a new position in shares of HF Sinclair in the 2nd quarter valued at about $89,846,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DINO shares. Raymond James Financial set a $150.00 target price on shares of HF Sinclair in a research report on Wednesday, October 28th. The Goldman Sachs Group lifted their price target on shares of HF Sinclair from $114.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, October 9th. Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Barclays increased their price objective on shares of HF Sinclair from $86.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Monday, October 12th. Finally, Mizuho raised their target price on shares of HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $116.00.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $113.45 on Wednesday. HF Sinclair Corporation has a 1-year low of $45.71 and a 1-year high of $129.37. The business has a 50-day moving average of $112.56 and a 200-day moving average of $78.83. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.27 and a quick ratio of 1.40. The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of 5.89 and a beta of 0.73.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, October 28th. The company reported $11.75 EPS for the quarter, beating the consensus estimate of $7.83 by $3.92. The business had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $8.89 billion. HF Sinclair had a return on equity of 32.95% and a net margin of 10.12%. The company’s revenue was up 49.7% on a year-over-year basis. During the same period last year, the business posted $2.44 EPS. On average, equities analysts anticipate that HF Sinclair Corporation will post 21.09 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 12th will be given a $0.5250 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.10 annualized dividend and a yield of 1.9%. HF Sinclair’s dividend payout ratio (DPR) is 10.65%.

HF Sinclair Profile

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.