First Eagle Investment Management LLC Increases Stock Holdings in HF Sinclair Co. (NYSE:DINO)

First Eagle Investment Management LLC raised its position in HF Sinclair Co. (NYSE:DINO) by 20.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,903 shares of the company’s stock after purchasing an additional 2,200 shares during the period. First Eagle Investment Management LLC’s holdings in HF Sinclair were worth $688,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in HF Sinclair by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after purchasing an additional 696,031 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 purchasing an additional 399,988 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in HF Sinclair by 15.3% in the 2nd quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock valued at $80,131,000 after purchasing an additional 199,881 shares in the last quarter. Norges Bank purchased a new position in HF Sinclair in the 4th quarter valued at $65,774,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in HF Sinclair by 14.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 991,380 shares of the company’s stock valued at $59,919,000 after purchasing an additional 127,827 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on DINO shares. Argus upgraded HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Wells Fargo & Company cut their target price on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Piper Sandler cut their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday. Barclays raised their target price on HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, 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. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus target price of $59.73.

HF Sinclair Stock Down 2.1 %

Shares of NYSE:DINO opened at $46.25 on Friday. The business has a 50-day moving average price of $47.58 and a 200 day moving average price of $53.15. 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 company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 5.72 and a beta of 1.18. HF Sinclair Co. has a 12-month low of $44.07 and a 12-month high of $64.16.

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, topping analysts’ consensus estimates 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 company’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $2.60 EPS. Sell-side analysts expect that HF Sinclair Co. will post 3.69 EPS for the current year.

HF Sinclair Dividend Announcement

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

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.