21,733 HF Sinclair Corporation $DINO Shares Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC grew its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 688.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,891 shares of the company’s stock after purchasing an additional 21,733 shares during the quarter. Kestra Investment Management LLC’s holdings in HF Sinclair were worth $2,671,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DINO. Reyes Financial Architecture Inc. purchased a new position in shares of HF Sinclair in the third quarter worth about $29,000. Clearstead Trust LLC purchased a new stake in shares of HF Sinclair during the 2nd quarter valued at approximately $33,000. Latitude Advisors LLC purchased a new stake in shares of HF Sinclair during the 3rd quarter valued at approximately $40,000. Bullock Wealth Management Group purchased a new stake in shares of HF Sinclair during the 3rd quarter valued at approximately $41,000. Finally, Richardson Financial Services Inc. bought a new position in HF Sinclair in the 3rd quarter worth approximately $48,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 2.7%

Shares of HF Sinclair stock opened at $99.82 on Tuesday. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $129.37. The company has a market cap of $17.11 billion, a price-to-earnings ratio of 5.06 and a beta of 0.73. The company has a current ratio of 2.27, a quick ratio of 1.40 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $112.80 and its 200-day moving average price is $79.84.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 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 32.95%. HF Sinclair’s revenue for the quarter was up 49.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.44 earnings per share. On average, equities analysts expect that HF Sinclair Corporation will post 22.32 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

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 issued a $0.5250 dividend. This represents a $2.10 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Thursday, November 12th. HF Sinclair’s dividend payout ratio (DPR) is presently 10.65%.

Analysts Set New Price Targets

DINO has been the subject of a number of recent research reports. Evercore initiated coverage on shares of HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 price objective for the company. Barclays increased their target price on HF Sinclair from $86.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Monday, October 12th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. UBS Group raised their price target on HF Sinclair from $126.00 to $133.00 and gave the stock a “buy” rating in a report on Saturday, October 3rd. Finally, Weiss Ratings upgraded HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Two equities research 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

About HF Sinclair

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.