LSV Asset Management Has $231.60 Million Holdings in HF Sinclair Co. (NYSE:DINO)

LSV Asset Management lessened its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,341,921 shares of the company’s stock after selling 101,052 shares during the period. LSV Asset Management owned 2.26% of HF Sinclair worth $231,598,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of DINO. Rise Advisors LLC acquired a new position in HF Sinclair in the first quarter valued at $26,000. Principal Securities Inc. acquired a new position in HF Sinclair in the fourth quarter valued at $30,000. Riverview Trust Co acquired a new position in HF Sinclair in the first quarter valued at $31,000. Innealta Capital LLC acquired a new position in HF Sinclair in the second quarter valued at $34,000. Finally, Pingora Partners LLC acquired a new position in HF Sinclair in the fourth quarter valued at $35,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Up 0.2 %

Shares of NYSE:DINO traded up $0.11 during midday trading on Friday, hitting $45.69. 2,357,118 shares of the company’s stock were exchanged, compared to its average volume of 1,991,678. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. The stock has a 50 day moving average price of $48.55 and a 200-day moving average price of $53.93. The company has a market cap of $8.78 billion, a PE ratio of 5.65 and a beta of 1.18. HF Sinclair Co. has a 12 month low of $44.09 and a 12 month high of $64.16.

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

HF Sinclair Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s payout ratio is 24.75%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DINO. Piper Sandler dropped their target price on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Argus raised shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Wells Fargo & Company decreased their price target on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Barclays lifted their price target on shares of HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, Mizuho decreased their price target on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Six 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.com, HF Sinclair has an average rating of “Moderate Buy” and an average price target of $62.00.

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.