32,483 Shares in HF Sinclair Corporation $DINO Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. purchased a new stake in HF Sinclair Corporation (NYSE:DINO) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 32,483 shares of the company’s stock, valued at approximately $1,700,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC increased its stake in HF Sinclair by 4.2% during the second quarter. ProShare Advisors LLC now owns 7,101 shares of the company’s stock worth $292,000 after purchasing an additional 287 shares during the period. Bank of Montreal Can grew its holdings in shares of HF Sinclair by 1.3% in the second quarter. Bank of Montreal Can now owns 22,788 shares of the company’s stock valued at $936,000 after purchasing an additional 290 shares in the last quarter. IFP Advisors Inc increased its position in shares of HF Sinclair by 21.4% during the second quarter. IFP Advisors Inc now owns 1,694 shares of the company’s stock worth $71,000 after acquiring an additional 299 shares during the period. Louisiana State Employees Retirement System increased its holdings in HF Sinclair by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the company’s stock worth $1,853,000 after purchasing an additional 300 shares during the period. Finally, Mader & Shannon Wealth Management Inc. boosted its stake in shares of HF Sinclair by 0.5% in the 2nd quarter. Mader & Shannon Wealth Management Inc. now owns 67,557 shares of the company’s stock valued at $2,775,000 after buying an additional 311 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Morgan Stanley increased their price target on shares of HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. UBS Group raised their price objective on shares of HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Barclays upped their target price on shares of HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Finally, Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average target price of $60.20.

HF Sinclair Stock Performance

Shares of DINO opened at $46.08 on Thursday. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $56.58. The stock has a market cap of $8.48 billion, a P/E ratio of 22.05 and a beta of 0.84. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $51.32 and a two-hundred day moving average of $48.81.

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

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, November 19th. HF Sinclair’s payout ratio is 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.