Pacific Heights Asset Management LLC Makes New $31.34 Million Investment in HF Sinclair Corporation $DINO

Pacific Heights Asset Management LLC purchased a new position in HF Sinclair Corporation (NYSE:DINO) during the second quarter, Holdings Channel reports. The fund purchased 450,000 shares of the company’s stock, valued at approximately $31,342,000. HF Sinclair accounts for 1.0% of Pacific Heights Asset Management LLC’s holdings, making the stock its 29th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in HF Sinclair during the 2nd quarter valued at $1,291,602,000. Vanguard Group Inc. grew its holdings in HF Sinclair by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after acquiring an additional 446,867 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in HF Sinclair by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock worth $577,114,000 after acquiring an additional 103,135 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of HF Sinclair by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after acquiring an additional 48,103 shares during the period. Finally, State Street Corp increased its position in shares of HF Sinclair by 0.4% in the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after acquiring an additional 22,150 shares during the period. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.7%

NYSE:DINO opened at $97.23 on Friday. The company has a 50-day moving average price of $83.85 and a 200-day moving average price of $69.89. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of 9.28 and a beta of 0.70. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $98.44.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.68 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. HF Sinclair’s quarterly revenue was up 53.2% on a year-over-year basis. Equities analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.2%. HF Sinclair’s dividend payout ratio (DPR) is currently 20.04%.

Analysts Set New Price Targets

Several equities analysts have recently commented on DINO shares. UBS Group upped their price objective on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Morgan Stanley upped their price target on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Mizuho increased their price objective on HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, TD Cowen lifted their price objective on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.25.

Insiders Place Their Bets

In other news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the transaction, the director directly owned 16,543 shares of the company’s stock, valued at $1,209,127.87. This represents a 3.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.26% of the company’s stock.

HF Sinclair 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.