Great Lakes Advisors LLC, a prominent investment management firm, has recently acquired a significant stake in HF Sinclair Co. (NYSE:DINO). According to the company’s most recent Form 13F filing with the Securities and Exchange Commission (SEC), Great Lakes Advisors LLC purchased 67,340 shares of HF Sinclair’s stock during the first quarter of this year. The total value of this acquisition is estimated to be approximately $3,258,000.
HF Sinclair Corporation operates as an independent energy company and is known for its production and marketing of various petroleum products. These products include gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricants, specialty chemicals, specialty and modified asphalt, among others. The company also possesses and manages refineries located in different states such as Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming.
One aspect that sets HF Sinclair Corporation apart from its competitors is its focus on specific geographic markets for the distribution of its refined products. Primarily operating in the Southwest United States and Rocky Mountains region, as well as the Pacific Northwest and neighboring Plains states allows them to have a targeted approach towards meeting consumer demands effectively.
The acquisition of such a substantial stake by Great Lakes Advisors LLC suggests their confidence in HF Sinclair Co.’s potential for growth and profitability. This move aligns with their investment strategy as an advisory firm known for making well-informed decisions based on thorough research.
With Great Lakes Advisors LLC now having a significant presence in HF Sinclair Co., it will be interesting to observe how this strategic partnership unfolds in the coming months or even years. Such collaborations often lead to mutually beneficial outcomes for both parties involved.
As observers keen on developments within the energy sector may already be aware, independent energy companies like HF Sinclair Corporation play a crucial role in meeting society’s daily energy needs. With their extensive range of petroleum products catering to various industries and consumers alike, their contributions cannot be undermined.
Although it is essential to note that investments in the stock market carry inherent risks, the decision made by Great Lakes Advisors LLC to acquire a new stake in HF Sinclair Co. implies their positive outlook and confidence in the company’s growth potential. Investors and industry professionals alike would be wise to keep an eye on any future developments within HF Sinclair Co. as it continues to make strides in the competitive energy market.
As of August 20, 2023, this acquisition marks a significant milestone for both Great Lakes Advisors LLC and HF Sinclair Co. Only time will tell how this strategic move will impact both entities and whether it proves fruitful for all parties involved.
Institutional Investors Show Confidence in HF Sinclair Corporation as Analysts Weigh In on Company’s Prospects
Institutional investors have been making significant changes to their positions in HF Sinclair Corporation, a leading independent energy company. Signaturefd LLC, for instance, has increased its stake in the company by 9.2% during the first quarter. With an additional 249 shares acquired last quarter, Signaturefd LLC now owns 2,963 shares of HF Sinclair’s stock valued at $143,000.
National Bank of Canada FI also saw an increase in its holdings of HF Sinclair by 4.5% during the first quarter. Adding another 288 shares to its portfolio, National Bank of Canada FI now holds 6,739 shares of the company’s stock worth $326,000.
Atlas Capital Advisors LLC experienced a similar trend, raising its holdings in HF Sinclair by 11.2% during the fourth quarter. The firm now owns 2,898 shares of HF Sinclair’s stock worth $150,000 after purchasing an additional 292 shares.
Jacobs Levy Equity Management Inc., known for consistently outperforming benchmark indexes through quantitative strategies rooted in academic research, raised its position in HF Sinclair by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now holds a staggering 58,510 shares of Hf Sinclair’s stock valued at $3,150,000—a testament to their confidence in the company.
And it seems that institutional investors can’t get enough of HF Sinclair as Harbour Investments Inc., a private wealth management firm specializing in tailored investment strategies for high-net-worth individuals and institutions such as endowments and foundations—held around $9bn AUM—boosted their stake by a remarkable 14.7% during the fourth quarter. Harbour Investments Inc now owns 2,349 shares valued at $122k.
These institutions add to the growing presence of institutional investors and hedge funds who currently own approximately 90.82% of HF Sinclair’s stock—an astonishing figure that reflects the high level of trust placed in the company.
Analysts have also chimed in, offering their insights into HF Sinclair’s prospects. Wells Fargo & Company, a leading multinational financial services company, raised its target price for HF Sinclair’s shares from $52.00 to $60.00 and bestowed the company with an “overweight” rating.
On the other hand, Bank of America gave a more neutral stance by downgrading HF Sinclair from a “buy” rating to a “neutral” rating but increased their price target from $62.00 to $65.00. These contrasting perspectives reflect the diversity of opinions among analysts.
Piper Sandler, a reputable investment bank and institutional securities firm saw enough potential in HF Sinclair to raise its target price on the company’s stock from $63.00 to $70.00—an optimistic increase that suggests confidence in HF Sinclair’s future performance.
However, TD Cowen voiced a more cautious sentiment by decreasing its price target on HF Sinclair from $50.00 to $44.00 and giving it a “market perform” rating—a rating that implies average expectations for the stock within its market sector
Meanwhile, Mizuho took a balanced approach by downgrading their view from “buy” to “neutral.” They did increase their price objective for HF Sinclair from $56.00 to $63.00—a reserved vote of confidence.
Overall, there appears to be mixed opinions among analysts about HF Sinclair’s prospects, with six analysts giving it a hold rating and four offering buy ratings as per data obtained through Bloomberg.
HF Sinclair Corporation operates as an independent energy company that produces and markets various energy products including gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, chemicals, and modified asphalt solutions—among others.
The company operates refineries across several states including Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming and primarily markets its refined products in the Southwest United States, Rocky Mountains, Pacific Northwest, and neighboring Plains states.
On the New York Stock Exchange (NYSE), HF Sinclair opened at $57.61 on Friday. With a quick ratio of 1.19 and current ratio of 2.32, the company showcases strong liquidity. In addition, a debt-to-equity ratio of 0.28 suggests prudent financial management—a fact that may appeal to savvy investors.
HF Sinclair Co has experienced a range of stock prices in the past year, hitting a low of $37.12 and reaching a high of $66.19—a significant fluctuation that indicates volatility within the market.
As for key technical indicators, the stock’s 50-day moving average price stands at $49.06 while its 200-day moving average price records at $47.68—an insight that offers further granularity to potential investors when assessing HF Sinclair’s performance trends.
Such figures substantiate HF Sinclair’s market capitalization which currently stands at an impressive $10.61 billion—a testament to its standing as an influential energy player within its industry segment.
The company’s robust valuation is further supported by its attractive price-to-earnings ratio (PE ratio) of 4.89—indicative of value-based opportunities for investors