Pacer Advisors Inc. Purchases 2,868,273 Shares of HF Sinclair Co. (NYSE:DINO)

Pacer Advisors Inc. boosted its position in HF Sinclair Co. (NYSE:DINO) by 58.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,784,939 shares of the company’s stock after purchasing an additional 2,868,273 shares during the quarter. HF Sinclair comprises about 0.9% of Pacer Advisors Inc.’s portfolio, making the stock its 23rd biggest holding. Pacer Advisors Inc. owned approximately 4.05% of HF Sinclair worth $415,249,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of HF Sinclair by 9.3% during the fourth 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 period. Norges Bank acquired a new stake in HF Sinclair during the fourth quarter worth approximately $65,774,000. Janus Henderson Group PLC increased 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 worth $40,168,000 after acquiring an additional 660,978 shares during the period. Ferguson Wellman Capital Management Inc. bought a new position in HF Sinclair during the 2nd quarter worth $33,177,000. Finally, Dimensional Fund Advisors LP raised its holdings 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 valued at $306,665,000 after acquiring an additional 399,988 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $46.26 on Friday. The company’s 50 day moving average price is $47.58 and its two-hundred day moving average price is $53.17. The firm has a market capitalization of $8.89 billion, a P/E ratio of 5.73 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. HF Sinclair Co. has a fifty-two week low of $44.07 and a fifty-two week high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter last year, the business posted $2.60 EPS. HF Sinclair’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that HF Sinclair Co. will post 3.69 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Wall Street Analysts Forecast Growth

DINO has been the topic of several analyst reports. Morgan Stanley reduced their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Wells Fargo & Company reduced their price objective on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Barclays boosted their target price 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. Piper Sandler cut their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday. Finally, Wolfe Research began coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.73.

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.