M&T Bank Corp Acquires 7,932 Shares of HF Sinclair Corporation $DINO

M&T Bank Corp raised its holdings in HF Sinclair Corporation (NYSE:DINO) by 36.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,811 shares of the company’s stock after purchasing an additional 7,932 shares during the period. M&T Bank Corp’s holdings in HF Sinclair were worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of DINO. CI Investments Inc. raised its holdings in shares of HF Sinclair by 20.0% in the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after buying an additional 187 shares during the last quarter. Unison Advisors LLC raised its holdings in shares of HF Sinclair by 0.9% in the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock valued at $1,074,000 after buying an additional 218 shares during the last quarter. AMG National Trust Bank raised its holdings in shares of HF Sinclair by 0.4% in the third quarter. AMG National Trust Bank now owns 52,293 shares of the company’s stock valued at $2,737,000 after buying an additional 234 shares during the last quarter. Nicollet Investment Management Inc. raised its holdings in shares of HF Sinclair by 1.9% in the third quarter. Nicollet Investment Management Inc. now owns 13,299 shares of the company’s stock valued at $696,000 after buying an additional 250 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of HF Sinclair by 21.2% in the third quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock valued at $74,000 after buying an additional 251 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of NYSE:DINO opened at $65.98 on Thursday. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $11.89 billion, a P/E ratio of 21.49 and a beta of 0.70. The business has a 50-day moving average price of $57.79 and a two-hundred day moving average price of $53.81. HF Sinclair Corporation has a 1-year low of $29.23 and a 1-year high of $66.87.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.HF Sinclair’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the business posted ($1.02) EPS. Equities analysts predict that HF Sinclair Corporation will post 6.93 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. HF Sinclair’s dividend payout ratio is 65.15%.

Analyst Ratings Changes

DINO has been the subject of several recent research reports. Barclays boosted their price objective on HF Sinclair from $51.00 to $61.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 14th. Mizuho boosted their price objective on HF Sinclair from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Wells Fargo & Company boosted their price objective on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Scotiabank boosted their price objective on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen cut HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.45.

HF Sinclair Company Profile

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.