Wedge Capital Management L L P NC Makes New Investment in HF Sinclair Corporation $DINO

by · The Markets Daily

Wedge Capital Management L L P NC purchased a new position in HF Sinclair Corporation (NYSE:DINO – Free Report) in the third quarter, HoldingsChannel reports. The firm purchased 31,641 shares of the company’s stock, valued at approximately $1,656,000.

A number of other hedge funds have also made changes to their positions in the stock. Kiker Wealth Management LLC bought a new stake in HF Sinclair during the second quarter worth approximately $32,000. Johnson Financial Group Inc. acquired a new position in shares of HF Sinclair during the 2nd quarter valued at $33,000. West Oak Capital LLC bought a new stake in shares of HF Sinclair in the 2nd quarter worth $38,000. State of Wyoming bought a new stake in shares of HF Sinclair in the 2nd quarter worth $41,000. Finally, Hilltop National Bank acquired a new stake in shares of HF Sinclair in the second quarter valued at $46,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the topic of a number of research analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 target price (up from $60.00) on shares of HF Sinclair in a report on Friday, October 17th. Morgan Stanley lifted their price objective on shares of HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a report on Monday. Finally, UBS Group upped their price target on HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, HF Sinclair has a consensus rating of “Hold” and a consensus target price of $60.20.

Get Our Latest Stock Report on DINO

HF Sinclair Stock Performance

HF Sinclair stock opened at $46.97 on Wednesday. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $56.58. The firm’s 50 day simple moving average is $52.00 and its 200-day simple moving average is $48.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. The company has a market cap of $8.64 billion, a P/E ratio of 22.48 and a beta of 0.84.

HF Sinclair (NYSE:DINO – Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue was up .6% on a year-over-year basis. As a group, equities research analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.3%. HF Sinclair’s payout ratio is currently 95.69%.

HF Sinclair Company Profile

(Free Report)

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.

See Also

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