Pacific Heights Asset Management LLC Acquires 75,000 Shares of HF Sinclair Corporation $DINO

Pacific Heights Asset Management LLC increased its holdings in HF Sinclair Corporation (NYSE:DINO) by 21.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 425,000 shares of the company’s stock after buying an additional 75,000 shares during the period. Pacific Heights Asset Management LLC owned about 0.23% of HF Sinclair worth $19,584,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DINO. V Square Quantitative Management LLC bought a new position in HF Sinclair in the fourth quarter worth approximately $26,000. Quent Capital LLC acquired a new position in shares of HF Sinclair during the third quarter worth $28,000. State of Wyoming acquired a new position in shares of HF Sinclair during the second quarter worth $41,000. Torren Management LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth $55,000. Finally, CI Investments Inc. increased its position in shares of HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO opened at $70.04 on Monday. The firm has a market capitalization of $12.63 billion, a PE ratio of 10.53 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. HF Sinclair Corporation has a 1-year low of $34.42 and a 1-year high of $74.72. The company’s fifty day moving average price is $61.62 and its 200-day moving average price is $55.09.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.27) earnings per share. On average, equities research analysts predict that HF Sinclair Corporation will post 8.9 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, May 11th. HF Sinclair’s dividend payout ratio is presently 30.08%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BMO Capital Markets reduced their price target on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. Scotiabank upped their price target on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Raymond James Financial boosted their price objective on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 25th. Weiss Ratings raised shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $81.00 price objective on shares of HF Sinclair in a report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.91.

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.