HF Sinclair Co. (NYSE:DINO) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC boosted its position in shares of HF Sinclair Co. (NYSE:DINO) by 648.7% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 41,232 shares of the company’s stock after acquiring an additional 35,725 shares during the quarter. Intech Investment Management LLC’s holdings in HF Sinclair were worth $2,199,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Unison Advisors LLC lifted its holdings in shares of HF Sinclair by 0.8% in the 1st quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock valued at $1,298,000 after buying an additional 179 shares during the period. Capital Advisors Wealth Management LLC raised its stake in shares of HF Sinclair by 2.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock worth $491,000 after buying an additional 190 shares during the period. Poehling Capital Management INC. lifted its position in shares of HF Sinclair by 0.3% during the 1st quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock valued at $3,989,000 after buying an additional 203 shares in the last quarter. Empirical Finance LLC grew its stake in HF Sinclair by 1.2% in the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after acquiring an additional 228 shares during the period. Finally, Fifth Third Bancorp grew its stake in HF Sinclair by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after acquiring an additional 267 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Argus raised shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Mizuho dropped their price target 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. Morgan Stanley decreased their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. lifted their target price on shares of HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Wolfe Research initiated coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.73.

HF Sinclair Stock Performance

HF Sinclair stock opened at $45.74 on Tuesday. The firm has a 50 day simple moving average of $47.53 and a 200-day simple moving average of $53.05. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 5.66 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 1-year low of $44.07 and a 1-year 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 for the quarter, topping 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 during the quarter, compared to analyst estimates of $7.65 billion. During the same period in the prior year, the business posted $2.60 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts expect that HF Sinclair Co. will post 3.69 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.37%. HF Sinclair’s dividend payout ratio (DPR) is currently 24.75%.

HF Sinclair Company 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.