Scientech Research LLC Has $1.08 Million Stake in HF Sinclair Co. (NYSE:DINO)

Scientech Research LLC raised its position in shares of HF Sinclair Co. (NYSE:DINO) by 287.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,295 shares of the company’s stock after purchasing an additional 15,056 shares during the quarter. Scientech Research LLC’s holdings in HF Sinclair were worth $1,083,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after purchasing an additional 2,868,273 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of HF Sinclair by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock valued at $1,012,184,000 after acquiring an additional 1,549,091 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of HF Sinclair by 54.9% during the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after acquiring an additional 997,629 shares in the last quarter. Janus Henderson Group PLC boosted its position in HF Sinclair by 15,066.7% during the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after purchasing an additional 660,978 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. purchased a new position in HF Sinclair in the second quarter valued at about $33,177,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

NYSE:DINO opened at $45.29 on Friday. The firm has a market capitalization of $8.64 billion, a PE ratio of 5.61 and a beta of 1.18. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. HF Sinclair Co. has a 1 year low of $44.07 and a 1 year high of $64.16. The firm’s fifty day simple moving average is $47.23 and its 200 day simple moving average is $52.78.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period in the previous year, the company posted $2.60 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that HF Sinclair Co. will post 2.84 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.42%. HF Sinclair’s dividend payout ratio is 24.75%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DINO shares. Argus raised HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Barclays raised their price objective on shares of HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their target price on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a research report on Tuesday, September 3rd. UBS Group dropped their price target on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Finally, Wolfe Research assumed coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.73.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.