Park Avenue Securities LLC Purchases 7,084 Shares of HF Sinclair Corporation $DINO

Park Avenue Securities LLC boosted its position in HF Sinclair Corporation (NYSE:DINO) by 212.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,424 shares of the company’s stock after acquiring an additional 7,084 shares during the period. Park Avenue Securities LLC’s holdings in HF Sinclair were worth $1,119,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of HF Sinclair during the 2nd quarter worth $1,291,602,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of HF Sinclair during the third quarter worth $9,191,000. Amundi grew its position in shares of HF Sinclair by 12.7% in the second quarter. Amundi now owns 309,993 shares of the company’s stock valued at $21,591,000 after purchasing an additional 35,049 shares during the period. Energy Income Partners LLC purchased a new stake in shares of HF Sinclair in the second quarter valued at $5,210,000. Finally, State of Wyoming purchased a new stake in shares of HF Sinclair in the second quarter valued at $859,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Weiss Ratings upgraded HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. The Goldman Sachs Group raised their price target on HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Evercore began coverage on HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 price target on the stock. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Raymond James Financial set a $150.00 price objective on shares of HF Sinclair in a research note on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and an average target price of $116.00.

Insider Transactions at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares in the company, valued at $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company’s stock.

HF Sinclair Stock Down 3.0%

Shares of DINO opened at $111.52 on Tuesday. The firm has a market cap of $19.11 billion, a PE ratio of 5.66 and a beta of 0.72. The company’s fifty day moving average is $112.19 and its two-hundred day moving average is $78.52. HF Sinclair Corporation has a fifty-two week low of $45.71 and a fifty-two week high of $129.37. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.83 by $3.92. The company had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $8.89 billion. HF Sinclair had a net margin of 10.12% and a return on equity of 34.65%. The business’s quarterly revenue was up 49.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.44 EPS. Analysts forecast that HF Sinclair Corporation will post 21.09 earnings per share for the current year.

HF Sinclair Announces Dividend

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

HF Sinclair Company 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.