R Squared Ltd Sells 10,479 Shares of HF Sinclair Corporation $DINO

R Squared Ltd lessened its stake in HF Sinclair Corporation (NYSE:DINO) by 54.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,894 shares of the company’s stock after selling 10,479 shares during the quarter. R Squared Ltd’s holdings in HF Sinclair were worth $410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DINO. Invesco Ltd. increased its holdings in HF Sinclair by 104.3% in the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after purchasing an additional 994,090 shares during the last quarter. Merewether Investment Management LP bought a new stake in HF Sinclair in the third quarter valued at about $35,717,000. Dimensional Fund Advisors LP increased its holdings in HF Sinclair by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after purchasing an additional 560,194 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in HF Sinclair by 151.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 902,091 shares of the company’s stock valued at $47,215,000 after purchasing an additional 543,983 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of HF Sinclair by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock valued at $775,556,000 after buying an additional 446,867 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Up 1.6%

Shares of HF Sinclair stock opened at $62.79 on Wednesday. The business’s 50 day simple moving average is $57.50 and its 200 day simple moving average is $53.73. HF Sinclair Corporation has a 52-week low of $29.23 and a 52-week high of $64.70. The firm has a market cap of $11.32 billion, a PE ratio of 20.45 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. The business had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.HF Sinclair’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.02) EPS. On average, analysts predict that HF Sinclair Corporation will post 6.93 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. HF Sinclair’s payout ratio is currently 65.15%.

Analyst Ratings Changes

Several research analysts have weighed in on DINO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a report on Friday, March 27th. Morgan Stanley boosted their target price on HF Sinclair from $57.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday. Wall Street Zen cut HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 12th. Raymond James Financial boosted their target price on HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 25th. Finally, Mizuho boosted their target price on HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. One equities 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $64.45.

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.