Nicollet Investment Management Inc. Has $673,000 Holdings in HF Sinclair Co. (NYSE:DINO)

Nicollet Investment Management Inc. trimmed its position in shares of HF Sinclair Co. (NYSE:DINO) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,622 shares of the company’s stock after selling 381 shares during the quarter. Nicollet Investment Management Inc.’s holdings in HF Sinclair were worth $673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in HF Sinclair by 3.8% during the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after buying an additional 696,031 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in HF Sinclair by 15.3% in the 2nd quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock worth $80,131,000 after purchasing an additional 199,881 shares during the last quarter. Principal Financial Group Inc. boosted its position in HF Sinclair by 1.2% during the fourth quarter. Principal Financial Group Inc. now owns 1,455,962 shares of the company’s stock worth $80,908,000 after purchasing an additional 17,934 shares during the period. Norges Bank acquired a new position in HF Sinclair during the fourth quarter valued at approximately $65,774,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of HF Sinclair by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,107,150 shares of the company’s stock valued at $61,524,000 after purchasing an additional 86,050 shares during the period. Institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DINO. Barclays raised their target price on shares of HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Wells Fargo & Company dropped their price objective on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Argus upgraded HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Mizuho dropped their price target on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Finally, Wolfe Research started coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.00.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $46.29 on Wednesday. HF Sinclair Co. has a twelve month low of $44.09 and a twelve month high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The firm’s 50-day simple moving average is $48.25 and its 200-day simple moving average is $53.72. The firm has a market cap of $8.89 billion, a P/E ratio of 5.73 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.60 earnings per share. As a group, research analysts expect that HF Sinclair Co. will post 3.69 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.32%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

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.