Greenfield Seitz Capital Management LLC Makes New $2.32 Million Investment in HF Sinclair Corporation $DINO

Greenfield Seitz Capital Management LLC purchased a new position in HF Sinclair Corporation (NYSE:DINO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,605 shares of the company’s stock, valued at approximately $2,319,000.

A number of other institutional investors have also made changes to their positions in the stock. True Freedom Investing LLC acquired a new position in HF Sinclair in the third quarter valued at about $419,000. Pinkerton Wealth LLC bought a new position in HF Sinclair during the third quarter worth about $259,000. Virtue Capital Management LLC acquired a new position in shares of HF Sinclair during the 3rd quarter worth about $446,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of HF Sinclair during the 3rd quarter worth about $16,057,000. Finally, Profund Advisors LLC acquired a new position in shares of HF Sinclair during the 3rd quarter worth about $305,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HF Sinclair

In other news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair 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 transaction, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $111.52 on Tuesday. The company has a market capitalization of $19.11 billion, a PE ratio of 5.66 and a beta of 0.72. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $129.37. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $112.19 and its 200 day simple moving average is $78.52.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, October 28th. The company reported $11.75 earnings per share for the quarter, topping the consensus estimate of $7.83 by $3.92. HF Sinclair had a return on equity of 34.65% and a net margin of 10.12%. The firm had revenue of $10.86 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same period in the previous year, the company posted $2.44 earnings per share. The company’s revenue for the quarter was up 49.7% on a year-over-year basis. On average, research analysts predict that HF Sinclair Corporation will post 21.09 EPS for the current year.

HF Sinclair Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Weiss Ratings raised HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Barclays lifted their price objective on shares of HF Sinclair from $86.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Monday, October 12th. Evercore assumed coverage on shares of HF Sinclair in a research note on Friday, July 17th. They set an “in-line” rating and a $85.00 price objective on the stock. Piper Sandler started coverage on shares of HF Sinclair in a report on Tuesday, October 27th. They set an “overweight” rating and a $152.00 price objective for the company. Finally, Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $116.00.

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.