R Squared Ltd Makes New Investment in HF Sinclair Corporation $DINO

R Squared Ltd purchased a new stake in HF Sinclair Corporation (NYSE:DINO) during the third quarter, HoldingsChannel reports. The institutional investor purchased 19,373 shares of the company’s stock, valued at approximately $1,014,000.

Several other institutional investors and hedge funds also recently modified their holdings of DINO. Charles Schwab Investment Management Inc. grew its holdings in shares of HF Sinclair by 5.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock worth $255,764,000 after buying an additional 298,735 shares in the last quarter. Geode Capital Management LLC boosted its position in HF Sinclair by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company’s stock worth $118,969,000 after acquiring an additional 27,548 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in shares of HF Sinclair during the 2nd quarter worth approximately $70,437,000. Alliancebernstein L.P. raised its holdings in shares of HF Sinclair by 12.8% in the second quarter. Alliancebernstein L.P. now owns 1,198,494 shares of the company’s stock valued at $49,234,000 after purchasing an additional 136,151 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of HF Sinclair by 5.8% in the second quarter. Bank of America Corp DE now owns 1,076,826 shares of the company’s stock valued at $44,236,000 after purchasing an additional 58,950 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Trading Up 1.8%

DINO stock opened at $50.76 on Friday. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $59.33. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 16.53 and a beta of 0.87. The company has a fifty day moving average price of $50.87 and a two-hundred day moving average price of $51.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a return on equity of 10.16% and a net margin of 2.15%.The company had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the company posted ($1.02) earnings per share. The business’s revenue was down .6% on a year-over-year basis. Equities analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Monday, March 2nd. HF Sinclair’s dividend payout ratio (DPR) is currently 65.15%.

Analysts Set New Price Targets

DINO has been the subject of a number of analyst reports. Piper Sandler decreased their target price on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Argus upgraded shares of HF Sinclair to a “hold” rating in a research note on Tuesday. UBS Group lifted their target price on HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Morgan Stanley set a $57.00 target price on HF Sinclair in a report on Thursday, February 19th. Finally, BMO Capital Markets decreased their price target on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $58.73.

HF Sinclair Company Profile

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.