R Squared Ltd Takes Position in HF Sinclair Corporation $DINO

R Squared Ltd purchased a new stake in HF Sinclair Corporation (NYSE:DINO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 19,373 shares of the company’s stock, valued at approximately $1,014,000.

Several other large investors have also recently bought and sold shares of DINO. Encompass Capital Advisors LLC bought a new position in HF Sinclair in the 2nd quarter valued at $70,437,000. Engineers Gate Manager LP lifted its stake in shares of HF Sinclair by 1,068.6% during the second quarter. Engineers Gate Manager LP now owns 786,606 shares of the company’s stock valued at $32,314,000 after acquiring an additional 719,292 shares during the period. Norges Bank bought a new position in HF Sinclair in the second quarter valued at about $25,531,000. Assenagon Asset Management S.A. acquired a new stake in HF Sinclair in the third quarter worth about $24,213,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in HF Sinclair by 137.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 779,012 shares of the company’s stock worth $32,002,000 after purchasing an additional 451,346 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the topic of several recent research reports. Barclays reduced their target price 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. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. UBS Group lifted 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. TD Cowen upped their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, February 19th. Finally, Scotiabank lowered HF Sinclair from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $62.00 to $53.00 in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $58.73.

HF Sinclair Trading Up 1.8%

NYSE DINO opened at $50.76 on Friday. The firm has a market cap of $9.34 billion, a P/E ratio of 16.53 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. The stock’s 50-day moving average is $50.87 and its 200-day moving average is $51.20. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $59.33.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.37. HF Sinclair had a return on equity of 10.16% and a net margin of 2.15%.The business had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the firm earned ($1.02) EPS. HF Sinclair’s quarterly revenue was down .6% compared to the same quarter last year. Sell-side analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, March 2nd. HF Sinclair’s dividend payout ratio is 65.15%.

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.