Quantbot Technologies LP Grows Stock Position in HF Sinclair Corporation $DINO

Quantbot Technologies LP grew its holdings in HF Sinclair Corporation (NYSE:DINO) by 465.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 265,080 shares of the company’s stock after acquiring an additional 218,177 shares during the quarter. Quantbot Technologies LP owned 0.14% of HF Sinclair worth $13,874,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. AMG National Trust Bank grew its position in HF Sinclair by 0.4% during the 3rd quarter. AMG National Trust Bank now owns 52,293 shares of the company’s stock worth $2,737,000 after purchasing an additional 234 shares during the last quarter. Nicollet Investment Management Inc. lifted its stake in shares of HF Sinclair by 1.9% during the third quarter. Nicollet Investment Management Inc. now owns 13,299 shares of the company’s stock worth $696,000 after buying an additional 250 shares during the period. Bessemer Group Inc. grew its holdings in shares of HF Sinclair by 21.2% during the third quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock valued at $74,000 after buying an additional 251 shares during the last quarter. Unison Advisors LLC grew its stake in HF Sinclair by 1.1% during the 3rd quarter. Unison Advisors LLC now owns 23,097 shares of the company’s stock valued at $1,209,000 after purchasing an additional 257 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC grew its stake in HF Sinclair by 2.7% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 9,750 shares of the company’s stock valued at $507,000 after purchasing an additional 258 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Barclays decreased their target price on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. UBS Group lifted their price objective on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Mizuho increased their price objective on shares of HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. TD Cowen boosted their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, February 19th. Finally, Scotiabank lowered shares of HF Sinclair from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $62.00 to $53.00 in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $58.73.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $49.95 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. The firm has a fifty day moving average of $50.92 and a 200 day moving average of $51.25. The firm has a market cap of $9.19 billion, a PE ratio of 16.27 and a beta of 0.87. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $59.33.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.37. The business had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.16%. The company’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted ($1.02) earnings per share. As a group, research analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, March 2nd. HF Sinclair’s payout ratio is presently 65.15%.

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.