Pacific Heights Asset Management LLC Purchases 50,000 Shares of HF Sinclair Corporation $DINO

Pacific Heights Asset Management LLC lifted its holdings in HF Sinclair Corporation (NYSE:DINO) by 16.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 350,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in HF Sinclair were worth $18,319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Quent Capital LLC bought a new stake in HF Sinclair during the third quarter valued at approximately $28,000. Kiker Wealth Management LLC bought a new position in HF Sinclair in the second quarter worth approximately $32,000. Johnson Financial Group Inc. purchased a new position in shares of HF Sinclair during the 2nd quarter worth $33,000. West Oak Capital LLC bought a new stake in shares of HF Sinclair during the 2nd quarter valued at $38,000. Finally, State of Wyoming bought a new stake in shares of HF Sinclair during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

HF Sinclair stock opened at $48.67 on Tuesday. The company’s 50-day moving average price is $50.07 and its 200-day moving average price is $49.52. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The company has a market cap of $8.95 billion, a PE ratio of 23.29 and a beta of 0.84. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $56.58.

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

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.00 annualized dividend and a dividend yield of 4.1%. HF Sinclair’s payout ratio is currently 95.69%.

Analyst Ratings Changes

DINO has been the topic of a number of recent research reports. Morgan Stanley raised their target price on HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. Piper Sandler reduced their price target on HF Sinclair from $68.00 to $67.00 and set an “overweight” rating for the company in a research report on Friday. Wall Street Zen downgraded HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Monday. Scotiabank reaffirmed an “outperform” rating and set a $62.00 price objective on shares of HF Sinclair in a research report on Friday. Finally, UBS Group increased their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.80.

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.