Intech Investment Management LLC Sells 15,906 Shares of HF Sinclair Corporation $DINO

Intech Investment Management LLC cut its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 45.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,805 shares of the company’s stock after selling 15,906 shares during the quarter. Intech Investment Management LLC’s holdings in HF Sinclair were worth $984,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DINO. Charles Schwab Investment Management Inc. increased its position in 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 worth $255,764,000 after acquiring an additional 298,735 shares during the period. Geode Capital Management LLC boosted its holdings in HF Sinclair by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company’s stock valued at $118,969,000 after purchasing an additional 27,548 shares during the period. Encompass Capital Advisors LLC acquired a new stake in HF Sinclair in the 2nd quarter worth $70,437,000. Alliancebernstein L.P. grew its position in HF Sinclair by 12.8% in the 2nd quarter. Alliancebernstein L.P. now owns 1,198,494 shares of the company’s stock worth $49,234,000 after purchasing an additional 136,151 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of HF Sinclair by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 1,076,826 shares of the company’s stock worth $44,236,000 after purchasing an additional 58,950 shares during the period. 88.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DINO shares. TD Cowen increased their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, February 19th. BMO Capital Markets lowered their price target on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Argus raised HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. Finally, Mizuho boosted their price objective on HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and a consensus target price of $58.73.

HF Sinclair Price Performance

HF Sinclair stock opened at $56.11 on Monday. The business has a 50 day simple moving average of $51.84 and a 200 day simple moving average of $51.71. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The company has a market capitalization of $10.12 billion, a PE ratio of 18.28 and a beta of 0.83. 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 data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $6.19 billion. During the same period in the prior year, the company posted ($1.02) earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, sell-side analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be given a dividend of $0.50 per share. 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 dividend payout ratio (DPR) is 65.15%.

About HF Sinclair

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.