FORA Capital LLC Invests $1.09 Million in HF Sinclair Co. (NYSE:DINO)

FORA Capital LLC acquired a new position in HF Sinclair Co. (NYSE:DINO) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 24,483 shares of the company’s stock, valued at approximately $1,091,000.

Several other large investors have also recently modified their holdings of DINO. Matrix Trust Co increased its holdings in shares of HF Sinclair by 122.4% in 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. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair in the third quarter worth about $27,000. Innealta Capital LLC purchased a new position in shares of HF Sinclair in the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after buying an additional 370 shares during the period. Finally, Coastline Trust Co purchased a new position in shares of HF Sinclair in the third quarter worth about $55,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

HF Sinclair stock opened at $40.98 on Thursday. The stock’s 50 day simple moving average is $43.37 and its two-hundred day simple moving average is $48.01. 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 stock has a market cap of $7.71 billion, a price-to-earnings ratio of 25.30 and a beta of 1.18. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16.

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 the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations 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 was down 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.06 EPS. As a group, analysts expect that HF Sinclair Co. will post 2.35 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders 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 dividend yield of 4.88%. HF Sinclair’s dividend payout ratio is currently 123.46%.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the transaction, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DINO shares. JPMorgan Chase & Co. decreased their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Scotiabank reduced their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Piper Sandler reduced their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Barclays reduced their price target on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, Wells Fargo & Company reduced their price target on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus target price of $54.27.

HF Sinclair Profile

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.