Panagora Asset Management Inc. Cuts Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Panagora Asset Management Inc. decreased its stake in shares of HF Sinclair Co. (NYSE:DINO) by 95.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,206 shares of the company’s stock after selling 674,681 shares during the period. Panagora Asset Management Inc.’s holdings in HF Sinclair were worth $1,611,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Unison Advisors LLC boosted its position in shares of HF Sinclair by 0.8% during the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock valued at $1,298,000 after buying an additional 179 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its holdings in HF Sinclair by 2.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock worth $491,000 after acquiring an additional 190 shares during the period. King Luther Capital Management Corp lifted its holdings in HF Sinclair by 0.3% during the fourth quarter. King Luther Capital Management Corp now owns 64,018 shares of the company’s stock worth $3,557,000 after acquiring an additional 194 shares during the period. Poehling Capital Management INC. lifted its holdings in HF Sinclair by 0.3% during the first quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock worth $3,989,000 after acquiring an additional 203 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after acquiring an additional 267 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler decreased their price objective on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. JPMorgan Chase & Co. raised their price target on HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Wolfe Research began coverage on HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. UBS Group reduced their price objective on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company reduced their price objective on HF Sinclair from $61.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.55.

HF Sinclair Trading Up 3.5 %

DINO opened at $49.14 on Friday. The stock has a market cap of $9.44 billion, a PE ratio of 6.08 and a beta of 1.19. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. The business has a 50 day moving average of $49.19 and a 200-day moving average of $54.41. HF Sinclair Co. has a 52 week low of $44.09 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a return on equity of 11.73% and a net margin of 3.80%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.60 EPS. Equities research analysts predict that HF Sinclair Co. will post 3.85 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Wednesday, August 21st. HF Sinclair’s payout ratio is 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.