HF Sinclair Corporation $DINO Stock Sold by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS trimmed its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 3.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,218 shares of the company’s stock after selling 13,877 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in HF Sinclair were worth $48,210,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Pictet Asset Management Holding SA raised its position in HF Sinclair by 1.9% in the 3rd quarter. Pictet Asset Management Holding SA now owns 24,382 shares of the company’s stock valued at $2,617,000 after purchasing an additional 461 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of HF Sinclair by 2.2% in the 3rd quarter. Parallel Advisors LLC now owns 5,921 shares of the company’s stock valued at $635,000 after buying an additional 125 shares during the period. Alps Advisors Inc. purchased a new position in shares of HF Sinclair in the 3rd quarter valued at about $583,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of HF Sinclair in the 3rd quarter valued at about $1,000,000. Finally, CenterBook Partners LP acquired a new position in shares of HF Sinclair during the third quarter worth about $441,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DINO. Piper Sandler initiated coverage on HF Sinclair in a research report on Tuesday, October 27th. They set an “overweight” rating and a $152.00 price objective for the company. Barclays raised their target price on shares of HF Sinclair from $86.00 to $122.00 and gave the company an “equal weight” rating in a report on Monday, October 12th. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Morgan Stanley lifted their price target on shares of HF Sinclair from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Finally, Weiss Ratings upgraded shares of HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $116.00.

HF Sinclair Stock Down 0.4%

Shares of NYSE DINO opened at $97.34 on Friday. The company has a market capitalization of $16.68 billion, a price-to-earnings ratio of 4.94 and a beta of 0.73. 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 business has a 50-day moving average of $112.80 and a two-hundred day moving average of $79.60. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $129.37.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 EPS for the quarter, beating analysts’ consensus estimates of $7.83 by $3.92. HF Sinclair had a return on equity of 32.95% and a net margin of 10.12%. The business had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter in the prior year, the business posted $2.44 EPS. The business’s revenue for the quarter was up 49.7% on a year-over-year basis. On average, analysts forecast that HF Sinclair Corporation will post 22.32 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Thursday, November 12th will be paid a dividend of $0.5250 per share. The ex-dividend date is Thursday, November 12th. This represents a $2.10 annualized dividend and a yield of 2.2%. HF Sinclair’s payout ratio is presently 10.65%.

HF Sinclair Profile

HF Sinclair Corporation is an energy company that refines crude oil and sells fuels and other petroleum products. Its offerings include gasoline, diesel, jet fuel, asphalt, and specialty products such as lubricants and chemicals.

The company also operates midstream businesses, including pipelines, terminals, and other infrastructure that support the transportation and storage of crude oil and refined products. Its operations include renewable fuels, and its products are marketed under brands that include Sinclair.

HF Sinclair was formed in 2022 through the combination of HollyFrontier Corporation and Sinclair Oil Corporation.