HF Sinclair Corporation $DINO Stake Trimmed by Intech Investment Management LLC

Intech Investment Management LLC lessened its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 45.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,805 shares of the company’s stock after selling 15,906 shares during the period. Intech Investment Management LLC’s holdings in HF Sinclair were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DINO. Goldman Sachs Group Inc. boosted its stake in HF Sinclair by 14.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock worth $30,899,000 after purchasing an additional 119,832 shares during the period. Focus Partners Wealth boosted its position in shares of HF Sinclair by 71.7% in the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after buying an additional 8,102 shares during the period. Bank of Montreal Can grew its holdings in shares of HF Sinclair by 1.3% during the second quarter. Bank of Montreal Can now owns 22,788 shares of the company’s stock valued at $936,000 after buying an additional 290 shares in the last quarter. Moors & Cabot Inc. acquired a new position in HF Sinclair during the second quarter valued at $214,000. Finally, Atlantic Union Bankshares Corp acquired a new position in HF Sinclair during the second quarter valued at $157,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on DINO shares. TD Cowen raised their price objective on HF Sinclair from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. Argus upgraded HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. BMO Capital Markets reduced their price target on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $58.73.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $56.11 on Monday. The firm has a fifty day simple moving average of $51.84 and a 200-day simple moving average of $51.71. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $59.33. The stock has a market capitalization of $10.12 billion, a price-to-earnings ratio of 18.28 and a beta of 0.83.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.83 by $0.37. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The firm had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter last year, the firm posted ($1.02) EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. On average, sell-side analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be paid a $0.50 dividend. The ex-dividend date is Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. HF Sinclair’s payout ratio is presently 65.15%.

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.