Pacific Heights Asset Management LLC raised its holdings in HF Sinclair Corporation (NYSE:DINO – Free Report) by 21.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 425,000 shares of the company’s stock after purchasing an additional 75,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in HF Sinclair were worth $19,584,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new stake in HF Sinclair in the fourth quarter valued at $26,000. Quent Capital LLC purchased a new stake in HF Sinclair in the third quarter valued at $28,000. State of Wyoming purchased a new stake in HF Sinclair in the second quarter valued at $41,000. Torren Management LLC purchased a new stake in HF Sinclair in the fourth quarter valued at $55,000. Finally, CI Investments Inc. boosted its holdings in HF Sinclair by 20.0% in the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after purchasing an additional 187 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
DINO has been the topic of several recent research reports. Piper Sandler lowered their price target on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Barclays increased their target price on shares of HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Wells Fargo & Company increased their target price on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st. Finally, TD Cowen increased their target price on shares of HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $69.91.
HF Sinclair Stock Up 0.0%
DINO opened at $70.04 on Monday. HF Sinclair Corporation has a twelve month low of $34.42 and a twelve month high of $74.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average price of $61.62 and a 200 day moving average price of $55.09. The company has a market cap of $12.63 billion, a PE ratio of 10.53 and a beta of 0.72.
HF Sinclair (NYSE:DINO – Get Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The company had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. HF Sinclair’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.27) EPS. Sell-side analysts expect that HF Sinclair Corporation will post 8.9 earnings per share for the current fiscal year.
HF Sinclair Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be issued a $0.50 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a yield of 2.9%. HF Sinclair’s dividend payout ratio is presently 30.08%.
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.
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