Deprince Race & Zollo Inc. Sells 2,141,295 Shares of HF Sinclair Corporation $DINO

Deprince Race & Zollo Inc. cut its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 99.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,387 shares of the company’s stock after selling 2,141,295 shares during the period. Deprince Race & Zollo Inc.’s holdings in HF Sinclair were worth $230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of HF Sinclair by 5.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock valued at $255,764,000 after acquiring an additional 298,735 shares during the last quarter. AQR Capital Management LLC increased its holdings in HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock valued at $163,951,000 after purchasing an additional 2,609,857 shares during the period. Geode Capital Management LLC raised its position in HF Sinclair by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company’s stock worth $118,969,000 after purchasing an additional 27,548 shares during the last quarter. Millennium Management LLC raised its position in HF Sinclair by 207.5% during the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after purchasing an additional 1,329,408 shares during the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in HF Sinclair during the 2nd quarter worth about $70,437,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DINO shares. Mizuho increased their price target on HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. UBS Group upped their target price on HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Raymond James Financial reissued a “strong-buy” rating and set a $65.00 target price (up previously from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Monday, November 10th. Finally, The Goldman Sachs Group boosted their price target on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and an average price target of $60.20.

HF Sinclair Trading Down 1.1%

NYSE DINO opened at $45.84 on Monday. The stock has a market capitalization of $8.43 billion, a P/E ratio of 21.93 and a beta of 0.84. The business has a 50 day simple moving average of $51.69 and a 200 day simple moving average of $48.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $56.58.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.51 EPS. Research analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Wednesday, November 19th. HF Sinclair’s dividend payout ratio (DPR) is presently 95.69%.

HF Sinclair Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.