Rafferty Asset Management LLC Has $4.61 Million Stake in HF Sinclair Corporation $DINO

Rafferty Asset Management LLC lowered its position in shares of HF Sinclair Corporation (NYSE:DINO) by 39.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,038 shares of the company’s stock after selling 56,640 shares during the period. Rafferty Asset Management LLC’s holdings in HF Sinclair were worth $4,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Encompass Capital Advisors LLC bought a new position in HF Sinclair during the 2nd quarter worth $70,437,000. Engineers Gate Manager LP grew its stake in shares of HF Sinclair by 1,068.6% in 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 in the last quarter. Norges Bank acquired a new position in shares of HF Sinclair in the second quarter valued at about $25,531,000. Assenagon Asset Management S.A. bought a new position in HF Sinclair during the third quarter worth about $24,213,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in HF Sinclair by 137.7% in 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 in the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Up 0.4%

NYSE DINO opened at $54.03 on Wednesday. The business has a fifty day moving average price of $51.21 and a two-hundred day moving average price of $51.47. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $59.33. The stock has a market capitalization of $9.74 billion, a PE ratio of 17.60 and a beta of 0.83.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results 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 company had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter last year, the company posted ($1.02) EPS. The company’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.00 annualized dividend and a yield of 3.7%. HF Sinclair’s payout ratio is presently 65.15%.

Analysts Set New Price Targets

DINO has been the topic of a number of analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. TD Cowen increased their price target on HF Sinclair from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. Morgan Stanley set a $57.00 price objective on HF Sinclair in a report on Thursday, February 19th. Scotiabank downgraded HF Sinclair from a “sector outperform” rating to a “sector perform” rating and cut their target price for the company from $62.00 to $53.00 in a research report on Wednesday, February 18th. Finally, Mizuho increased their target price on HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, HF Sinclair presently has an average rating of “Hold” and a consensus target price of $58.73.

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.