Voya Investment Management LLC Sells 1,228,508 Shares of HF Sinclair Corporation $DINO

Voya Investment Management LLC cut its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 61.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 763,563 shares of the company’s stock after selling 1,228,508 shares during the quarter. Voya Investment Management LLC’s holdings in HF Sinclair were worth $39,965,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its stake in shares of HF Sinclair by 109.8% during the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock valued at $163,951,000 after purchasing an additional 2,609,857 shares during the period. Encompass Capital Advisors LLC purchased a new position in shares of HF Sinclair in the second quarter worth $70,437,000. Price T Rowe Associates Inc. MD raised its holdings in HF Sinclair by 1,633.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock valued at $55,730,000 after buying an additional 1,597,152 shares during the last quarter. Millennium Management LLC boosted its position in HF Sinclair by 207.5% during the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock valued at $64,774,000 after buying an additional 1,329,408 shares during the period. Finally, Engineers Gate Manager LP grew its holdings in HF Sinclair by 1,068.6% in the 2nd quarter. Engineers Gate Manager LP now owns 786,606 shares of the company’s stock worth $32,314,000 after acquiring an additional 719,292 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DINO shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 price objective (up from $60.00) on shares of HF Sinclair in a research note on Friday, October 17th. Wells Fargo & Company started coverage on HF Sinclair in a report on Friday, October 17th. They set an “equal weight” rating and a $58.00 price target on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a report on Monday, December 15th. Morgan Stanley boosted their target price on HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Finally, Piper Sandler upped their target price on HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $60.20.

HF Sinclair Stock Up 0.9%

Shares of NYSE:DINO opened at $47.25 on Friday. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $56.58. The firm has a market capitalization of $8.69 billion, a P/E ratio of 22.61 and a beta of 0.84. The stock has a 50 day moving average price of $52.23 and a 200-day moving average price of $48.31. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.50. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $6.99 billion. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, equities research analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 19th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Wednesday, November 19th. HF Sinclair’s dividend payout ratio (DPR) is presently 95.69%.

About HF Sinclair

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.