Aquatic Capital Management LLC Lowers Position in HF Sinclair Corporation $DINO

Aquatic Capital Management LLC decreased its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 44.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,866 shares of the company’s stock after selling 96,172 shares during the period. Aquatic Capital Management LLC owned 0.07% of HF Sinclair worth $6,326,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Quent Capital LLC purchased a new position in shares of HF Sinclair in the 3rd quarter worth $28,000. Johnson Financial Group Inc. purchased a new stake in HF Sinclair during the second quarter valued at about $33,000. State of Wyoming acquired a new stake in HF Sinclair during the second quarter worth about $41,000. CI Investments Inc. increased its stake in HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after acquiring an additional 187 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new position in shares of HF Sinclair in the 3rd quarter worth about $74,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of NYSE:DINO opened at $56.61 on Tuesday. The business’s 50-day simple moving average is $52.86 and its 200 day simple moving average is $51.98. The company has a market cap of $10.20 billion, a P/E ratio of 18.44 and a beta of 0.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $59.33.

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

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 annualized dividend and a yield of 3.5%. HF Sinclair’s payout ratio is 65.15%.

Wall Street Analyst Weigh In

DINO has been the topic of several research analyst reports. Piper Sandler reduced their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Scotiabank lowered shares of HF Sinclair from a “sector outperform” rating to a “sector perform” rating and cut their price target for the company from $62.00 to $53.00 in a report on Wednesday, February 18th. Argus raised shares of HF Sinclair to a “hold” rating in a research report on Tuesday, February 24th. Wall Street Zen downgraded shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. Finally, TD Cowen increased their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. One research 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.73.

HF Sinclair Company 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.