Brooklyn Investment Group Acquires Shares of 3,575 HF Sinclair Co. (NYSE:DINO)

Brooklyn Investment Group bought a new position in shares of HF Sinclair Co. (NYSE:DINO) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,575 shares of the company’s stock, valued at approximately $217,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quantbot Technologies LP lifted its holdings in shares of HF Sinclair by 377.5% in the 1st quarter. Quantbot Technologies LP now owns 45,584 shares of the company’s stock worth $2,752,000 after buying an additional 36,038 shares during the period. Duality Advisers LP grew its holdings in HF Sinclair by 22.3% during the 1st quarter. Duality Advisers LP now owns 93,770 shares of the company’s stock worth $5,661,000 after acquiring an additional 17,086 shares in the last quarter. Texas Permanent School Fund Corp increased its position in HF Sinclair by 1.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 136,527 shares of the company’s stock valued at $8,242,000 after purchasing an additional 1,289 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of HF Sinclair in the 1st quarter valued at about $693,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of HF Sinclair by 127.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 89,235 shares of the company’s stock valued at $5,386,000 after purchasing an additional 49,933 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Franklin Myers bought 6,500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average cost of $57.37 per share, with a total value of $372,905.00. Following the completion of the acquisition, the director now directly owns 138,293 shares in the company, valued at $7,933,869.41. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DINO. Wells Fargo & Company cut their price objective on shares of HF Sinclair from $75.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday. Mizuho reduced their price target on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Thursday, June 20th. Barclays lowered their price target on shares of HF Sinclair from $56.00 to $51.00 and set an “equal weight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on HF Sinclair from $61.00 to $59.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Finally, Piper Sandler reduced their target price on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus price target of $62.67.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded up $0.09 during trading on Friday, hitting $48.17. The stock had a trading volume of 1,969,043 shares, compared to its average volume of 1,809,467. The stock has a 50-day simple moving average of $53.85 and a two-hundred day simple moving average of $56.12. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 5.96 and a beta of 1.19. HF Sinclair Co. has a 12-month low of $45.63 and a 12-month high of $64.16. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $7.54 billion. During the same period in the previous year, the business posted $2.00 EPS. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, equities research analysts expect that HF Sinclair Co. will post 5.07 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.15%. HF Sinclair’s payout ratio is currently 24.75%.

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.