Pacer Advisors Inc. Decreases Stock Position in HF Sinclair Corporation $DINO

Pacer Advisors Inc. decreased its position in shares of HF Sinclair Corporation (NYSE:DINO) by 89.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,878 shares of the company’s stock after selling 199,825 shares during the period. Pacer Advisors Inc.’s holdings in HF Sinclair were worth $1,427,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in DINO. Virtus Investment Advisers LLC boosted its stake in HF Sinclair by 5.9% during the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after buying an additional 195 shares during the last quarter. D.A. Davidson & CO. increased its stake in HF Sinclair by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after acquiring an additional 210 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after acquiring an additional 221 shares in the last quarter. Blue Trust Inc. boosted its position in shares of HF Sinclair by 4.7% during the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after acquiring an additional 228 shares during the last quarter. Finally, Unison Advisors LLC grew its holdings in shares of HF Sinclair by 1.0% in the first quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock valued at $1,469,000 after purchasing an additional 234 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Raymond James Financial set a $105.00 price objective on shares of HF Sinclair in a research note on Wednesday, July 29th. Barclays upped their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Evercore initiated coverage on shares of HF Sinclair in a report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price target for the company. Scotiabank boosted their price objective on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, UBS Group upped their price objective on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $81.25.

HF Sinclair Stock Down 1.8%

Shares of NYSE DINO opened at $81.46 on Friday. HF Sinclair Corporation has a 1 year low of $42.82 and a 1 year high of $94.22. The firm has a 50-day simple moving average of $77.39 and a two-hundred day simple moving average of $65.73. The company has a market cap of $14.48 billion, a P/E ratio of 7.77 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

HF Sinclair (NYSE:DINO) last released its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.68 billion. During the same quarter in the prior year, the firm posted $1.10 earnings per share. The company’s quarterly revenue was up 53.2% on a year-over-year basis. Research analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be given a $0.525 dividend. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 annualized dividend and a yield of 2.6%. HF Sinclair’s dividend payout ratio is currently 19.08%.

Insider Buying and Selling

In other HF Sinclair news, Director Rhoman J. Hardy bought 1,508 shares of HF Sinclair stock in a transaction on Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the purchase, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the sale, the senior vice president owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,672 shares of company stock worth $1,710,500 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

About HF Sinclair

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.