Intech Investment Management LLC Has $1.43 Million Holdings in HF Sinclair Corporation $DINO

Intech Investment Management LLC trimmed its holdings in HF Sinclair Corporation (NYSE:DINO) by 25.2% in the 2nd quarter, Holdings Channel reports. The fund owned 34,711 shares of the company’s stock after selling 11,715 shares during the quarter. Intech Investment Management LLC’s holdings in HF Sinclair were worth $1,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cetera Investment Advisers boosted its holdings in HF Sinclair by 1.7% in the 2nd quarter. Cetera Investment Advisers now owns 98,973 shares of the company’s stock valued at $4,066,000 after purchasing an additional 1,635 shares during the period. Creative Planning lifted its stake in shares of HF Sinclair by 127.0% in the second quarter. Creative Planning now owns 67,874 shares of the company’s stock valued at $2,788,000 after buying an additional 37,968 shares during the period. SG Americas Securities LLC lifted its stake in shares of HF Sinclair by 2,820.4% in the second quarter. SG Americas Securities LLC now owns 209,185 shares of the company’s stock valued at $8,593,000 after buying an additional 202,022 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in HF Sinclair by 7.6% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,147 shares of the company’s stock worth $1,690,000 after buying an additional 2,917 shares in the last quarter. Finally, Foundations Investment Advisors LLC bought a new position in HF Sinclair during the second quarter valued at about $241,000. Institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research report on Wednesday. Wells Fargo & Company began coverage on shares of HF Sinclair in a research note on Friday, October 17th. They set an “equal weight” rating and a $58.00 price target on the stock. The Goldman Sachs Group increased their price objective on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Mizuho raised their price objective on shares of HF Sinclair from $60.00 to $62.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Finally, TD Cowen lifted their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of “Hold” and an average target price of $59.18.

HF Sinclair Stock Up 0.9%

Shares of NYSE DINO opened at $52.65 on Monday. The business has a fifty day moving average of $53.04 and a two-hundred day moving average of $46.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $56.58. The stock has a market cap of $9.68 billion, a PE ratio of -114.45 and a beta of 0.99.

HF Sinclair (NYSE:DINO) last announced its 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. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The business had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter last year, the company posted $0.51 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities research analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. HF Sinclair’s payout ratio is 95.69%.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.