Charles Schwab Investment Management Inc. Increases Holdings in HF Sinclair Co. (NYSE:DINO)

Charles Schwab Investment Management Inc. lifted its holdings in HF Sinclair Co. (NYSE:DINO) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,894,833 shares of the company’s stock after acquiring an additional 165,313 shares during the period. Charles Schwab Investment Management Inc. owned 2.60% of HF Sinclair worth $218,163,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC grew its holdings in HF Sinclair by 11.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock valued at $101,000 after buying an additional 226 shares in the last quarter. Empirical Finance LLC grew its stake in HF Sinclair by 1.2% during the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after acquiring an additional 228 shares in the last quarter. Fifth Third Bancorp increased its holdings in HF Sinclair by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after acquiring an additional 267 shares during the last quarter. Matrix Trust Co lifted its stake in HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after purchasing an additional 317 shares in the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings in shares of HF Sinclair by 7.5% during the 2nd quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock valued at $260,000 after purchasing an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.8 %

Shares of NYSE DINO opened at $42.37 on Friday. The business’s 50 day moving average price is $43.64 and its 200-day moving average price is $48.33. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a market cap of $7.97 billion, a price-to-earnings ratio of 26.15 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same period last year, the company earned $4.06 earnings per share. On average, sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.72%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Piper Sandler decreased their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Morgan Stanley reduced their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Mizuho lowered their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, BMO Capital Markets dropped their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.27.

Insiders Place Their Bets

In other news, Director Franklin Myers bought 5,000 shares of the stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now owns 145,293 shares of the company’s stock, valued at $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.