Quantbot Technologies LP Raises Holdings in HF Sinclair Corporation $DINO

Quantbot Technologies LP raised its position in HF Sinclair Corporation (NYSE:DINO) by 465.2% during the third quarter, HoldingsChannel reports. The firm owned 265,080 shares of the company’s stock after purchasing an additional 218,177 shares during the period. Quantbot Technologies LP’s holdings in HF Sinclair were worth $13,874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after buying an additional 119,832 shares during the last quarter. Focus Partners Wealth grew its position in shares of HF Sinclair by 71.7% in the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after purchasing an additional 8,102 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of HF Sinclair by 11.8% in the second quarter. Teacher Retirement System of Texas now owns 38,196 shares of the company’s stock valued at $1,569,000 after purchasing an additional 4,027 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in HF Sinclair by 203.5% during the second quarter. Hantz Financial Services Inc. now owns 1,545 shares of the company’s stock worth $63,000 after buying an additional 1,036 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in HF Sinclair by 0.6% in the 2nd quarter. Retirement Systems of Alabama now owns 195,738 shares of the company’s stock valued at $8,041,000 after buying an additional 1,085 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $49.95 on Friday. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $59.33. The stock has a market capitalization of $9.19 billion, a PE ratio of 16.27 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. The stock has a 50-day simple moving average of $50.92 and a 200-day simple moving average of $51.25.

HF Sinclair (NYSE:DINO) last issued its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.37. HF Sinclair had a net margin of 2.15% and a return on equity of 10.16%. The firm had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the company earned ($1.02) earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. On average, analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, March 2nd. HF Sinclair’s payout ratio is 65.15%.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of analyst reports. Morgan Stanley set a $57.00 price objective on shares of HF Sinclair in a report on Thursday, February 19th. TD Cowen upped their price objective on HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, February 19th. Argus raised shares of HF Sinclair to a “hold” rating in a research note on Tuesday. Zacks Research downgraded shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Piper Sandler lowered their price target on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $58.73.

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.