Keynote Financial Services LLC Has $670,000 Holdings in HF Sinclair Co. (NYSE:DINO)

Keynote Financial Services LLC raised its holdings in HF Sinclair Co. (NYSE:DINO) by 32.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,029 shares of the company’s stock after acquiring an additional 3,675 shares during the period. Keynote Financial Services LLC’s holdings in HF Sinclair were worth $670,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS increased its holdings in shares of HF Sinclair by 17.2% during the third quarter. Kornitzer Capital Management Inc. KS now owns 251,605 shares of the company’s stock worth $11,214,000 after buying an additional 36,970 shares in the last quarter. River Road Asset Management LLC lifted its holdings in HF Sinclair by 3.4% in the third quarter. River Road Asset Management LLC now owns 769,847 shares of the company’s stock valued at $34,312,000 after buying an additional 25,041 shares during the period. Robeco Institutional Asset Management B.V. raised its position in shares of HF Sinclair by 42.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 274,805 shares of the company’s stock worth $12,248,000 after acquiring an additional 81,344 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of HF Sinclair by 9.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,088 shares of the company’s stock valued at $1,653,000 after purchasing an additional 3,193 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. boosted its position in shares of HF Sinclair by 0.7% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 63,885 shares of the company’s stock valued at $2,847,000 after purchasing an additional 455 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $41.53 on Friday. The stock has a market cap of $7.81 billion, a price-to-earnings ratio of 25.64 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The firm’s 50-day simple moving average is $44.65 and its 200 day simple moving average is $49.48.

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

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.82%. HF Sinclair’s payout ratio is 123.46%.

Insider Activity

In other news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DINO. Morgan Stanley lowered their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Barclays lowered their price objective on shares of HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Piper Sandler cut their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Wolfe Research started coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, UBS Group cut their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $54.45.

HF Sinclair Company 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.