Victory Capital Management Inc. Sells 1,470,076 Shares of HF Sinclair Corporation $DINO

Victory Capital Management Inc. lessened its holdings in HF Sinclair Corporation (NYSE:DINO) by 62.2% in the third quarter, HoldingsChannel reports. The fund owned 891,787 shares of the company’s stock after selling 1,470,076 shares during the period. Victory Capital Management Inc.’s holdings in HF Sinclair were worth $50,282,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. CI Investments Inc. boosted its holdings in HF Sinclair by 20.0% in the 3rd 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 period. AMG National Trust Bank raised its position in shares of HF Sinclair by 0.4% in the third quarter. AMG National Trust Bank now owns 52,293 shares of the company’s stock valued at $2,737,000 after buying an additional 234 shares in the last quarter. Nicollet Investment Management Inc. boosted its stake in shares of HF Sinclair by 1.9% in the third quarter. Nicollet Investment Management Inc. now owns 13,299 shares of the company’s stock valued at $696,000 after buying an additional 250 shares during the period. Bessemer Group Inc. grew its position in HF Sinclair by 21.2% during the third quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock worth $74,000 after buying an additional 251 shares in the last quarter. Finally, Unison Advisors LLC increased its stake in HF Sinclair by 1.1% during the 3rd quarter. Unison Advisors LLC now owns 23,097 shares of the company’s stock worth $1,209,000 after acquiring an additional 257 shares during the period. 88.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DINO has been the topic of several analyst reports. Morgan Stanley set a $57.00 target price on HF Sinclair in a report on Thursday, February 19th. Wall Street Zen lowered shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HF Sinclair in a report on Monday, December 29th. Barclays decreased their price objective on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Finally, BMO Capital Markets cut their target price on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $58.73.

HF Sinclair Trading Down 1.9%

DINO opened at $56.11 on Friday. The company has a market cap of $10.11 billion, a P/E ratio of 18.28 and a beta of 0.83. The company has a current ratio of 1.94, a quick ratio of 0.97 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $51.84 and its 200-day moving average is $51.63. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $59.33.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 EPS 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 10.20%. The business had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the firm earned ($1.02) EPS. The firm’s revenue was down .6% compared to the same quarter last year. Equities research 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. Investors of record on Monday, March 2nd will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. HF Sinclair’s payout ratio is currently 65.15%.

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.