HF Sinclair Co. (NYSE:DINO) Shares Bought by Janiczek Wealth Management LLC

Janiczek Wealth Management LLC grew its holdings in HF Sinclair Co. (NYSE:DINO) by 1,307.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 746 shares of the company’s stock after purchasing an additional 693 shares during the quarter. Janiczek Wealth Management LLC’s holdings in HF Sinclair were worth $33,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DINO. Vanguard Group Inc. purchased a new stake in shares of HF Sinclair in the first quarter worth about $566,029,000. BlackRock Inc. acquired a new position in shares of HF Sinclair during the first quarter valued at approximately $539,533,000. State Street Corp bought a new stake in HF Sinclair during the first quarter worth approximately $308,240,000. Invesco Ltd. acquired a new position in HF Sinclair during the first quarter worth about $102,959,000. Finally, Pacer Advisors Inc. raised its position in shares of HF Sinclair by 141.8% during the first quarter. Pacer Advisors Inc. now owns 3,898,867 shares of the company’s stock worth $188,627,000 after purchasing an additional 2,286,144 shares during the period. 89.15% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Up 1.9 %

NYSE:DINO opened at $60.36 on Tuesday. The firm’s 50 day simple moving average is $54.36 and its 200 day simple moving average is $48.31. HF Sinclair Co. has a one year low of $37.12 and a one year high of $66.19. The company has a market cap of $11.11 billion, a PE ratio of 5.12, a P/E/G ratio of 0.90 and a beta of 1.39. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.32 and a quick ratio of 1.19.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, August 3rd. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.33. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.38 billion. HF Sinclair had a net margin of 6.87% and a return on equity of 24.58%. On average, research analysts anticipate that HF Sinclair Co. will post 9.37 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Thursday, August 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.98%. HF Sinclair’s payout ratio is currently 15.28%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DINO shares. Morgan Stanley reissued an “overweight” rating and set a $70.00 price objective on shares of HF Sinclair in a research report on Wednesday, July 19th. Bank of America increased their target price on HF Sinclair from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday. Piper Sandler lifted their target price on HF Sinclair from $63.00 to $70.00 in a research report on Friday, August 4th. Mizuho raised their price objective on shares of HF Sinclair from $63.00 to $72.00 and gave the stock a “neutral” rating in a report on Monday. Finally, The Goldman Sachs Group upped their price objective on shares of HF Sinclair from $56.00 to $63.00 and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $63.67.

HF Sinclair Profile

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.