Pacer Advisors Inc. Sells 199,825 Shares of HF Sinclair Corporation $DINO

Pacer Advisors Inc. trimmed its position in HF Sinclair Corporation (NYSE:DINO) by 89.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 22,878 shares of the company’s stock after selling 199,825 shares during the quarter. Pacer Advisors Inc.’s holdings in HF Sinclair were worth $1,427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of HF Sinclair by 19.1% in the first quarter. Parallel Advisors LLC now owns 5,678 shares of the company’s stock valued at $354,000 after acquiring an additional 909 shares in the last quarter. Bull Harbor Capital LLC bought a new position in HF Sinclair during the 1st quarter worth about $580,000. South Dakota Investment Council increased its position in HF Sinclair by 94.9% during the 1st quarter. South Dakota Investment Council now owns 28,621 shares of the company’s stock valued at $1,786,000 after purchasing an additional 13,935 shares during the period. EverSource Wealth Advisors LLC increased its position in HF Sinclair by 19.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,335 shares of the company’s stock valued at $520,000 after purchasing an additional 1,381 shares during the period. Finally, California State Teachers Retirement System raised its holdings in shares of HF Sinclair by 22.9% in the 1st quarter. California State Teachers Retirement System now owns 185,360 shares of the company’s stock valued at $11,565,000 after purchasing an additional 34,564 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DINO. Scotiabank increased their price objective on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Evercore started coverage on shares of HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 price objective for the company. Weiss Ratings upgraded HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Barclays increased their target price on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Finally, TD Cowen lifted their price target on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and an average price target of $81.25.

Insider Activity

In other news, Director Rhoman J. Hardy purchased 1,508 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the purchase, the director owned 15,037 shares in the company, valued at $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vivek Garg sold 717 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total value of $51,545.13. Following the completion of the transaction, the chief financial officer directly owned 11,475 shares in the company, valued at $824,937.75. This represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 22,672 shares of company stock valued at $1,710,500. 0.26% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $81.46 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The company has a market cap of $14.48 billion, a PE ratio of 7.77 and a beta of 0.70. The business has a 50-day simple moving average of $77.39 and a two-hundred day simple moving average of $65.73. HF Sinclair Corporation has a fifty-two week low of $42.82 and a fifty-two week high of $94.22.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. HF Sinclair’s revenue was up 53.2% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. As a group, equities analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, August 11th. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 2.6%. HF Sinclair’s payout ratio is presently 19.08%.

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.