1832 Asset Management L.P. Sells 818 Shares of HF Sinclair Co. (NYSE:DINO)

1832 Asset Management L.P. lessened its stake in shares of HF Sinclair Co. (NYSE:DINO) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,464 shares of the company’s stock after selling 818 shares during the quarter. 1832 Asset Management L.P.’s holdings in HF Sinclair were worth $1,145,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in HF Sinclair by 58.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after acquiring an additional 2,868,273 shares during the period. Vanguard Group Inc. lifted its position 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 worth $1,012,184,000 after purchasing an additional 1,549,091 shares during the last quarter. Janus Henderson Group PLC boosted its stake in HF Sinclair by 15,066.7% during the 1st 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 period. Ferguson Wellman Capital Management Inc. acquired a new stake in HF Sinclair in the 2nd quarter valued at approximately $33,177,000. Finally, Dimensional Fund Advisors LP increased its position in HF Sinclair by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after buying an additional 399,988 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Mizuho reduced their price objective on HF Sinclair from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. increased their target price on shares of HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Barclays upped their price target on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. UBS Group cut their target price on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company 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 on the stock. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, HF Sinclair currently has an average rating of “Moderate Buy” and a consensus price target of $59.73.

HF Sinclair Stock Performance

NYSE DINO opened at $45.22 on Friday. HF Sinclair Co. has a 1-year low of $44.07 and a 1-year high of $64.16. The company has a 50 day moving average of $47.35 and a 200-day moving average of $52.91. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a market cap of $8.63 billion, a price-to-earnings ratio of 5.60 and a beta of 1.18.

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

HF Sinclair Dividend Announcement

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

HF Sinclair Profile

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.