HF Sinclair Co. (NYSE:DINO) Shares Bought by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS boosted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 17.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 251,605 shares of the company’s stock after acquiring an additional 36,970 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.13% of HF Sinclair worth $11,214,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in DINO. Poehling Capital Management INC. increased its position in HF Sinclair by 0.3% during the first quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock worth $3,989,000 after purchasing an additional 203 shares during the last quarter. V Square Quantitative Management LLC boosted its stake in HF Sinclair by 11.1% during the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock worth $101,000 after buying an additional 226 shares during the period. Empirical Finance LLC boosted 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 worth $1,029,000 after buying an additional 228 shares during the period. Fifth Third Bancorp boosted its stake in HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after buying an additional 267 shares during the period. Finally, Matrix Trust Co boosted its stake in HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DINO has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Wells Fargo & Company lowered their price objective on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. UBS Group lowered their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley lowered their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, 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 note on Thursday, October 10th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.45.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were bought at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.28% of the stock is currently owned by insiders.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $41.53 on Friday. The firm’s fifty day simple moving average is $44.65 and its 200-day simple moving average is $49.48. HF Sinclair Co. has a 12 month low of $38.25 and a 12 month high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 25.64 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same period last year, the firm posted $4.06 EPS. HF Sinclair’s quarterly revenue was down 19.1% on a year-over-year basis. As a group, equities analysts forecast that HF Sinclair Co. will post 2.34 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors 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 dividend on an annualized basis and a yield of 4.82%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

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.