Rafferty Asset Management LLC Sells 56,640 Shares of HF Sinclair Corporation $DINO

Rafferty Asset Management LLC lowered its stake in HF Sinclair Corporation (NYSE:DINO) by 39.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,038 shares of the company’s stock after selling 56,640 shares during the period. Rafferty Asset Management LLC’s holdings in HF Sinclair were worth $4,608,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of HF Sinclair by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after acquiring an additional 119,832 shares in the last quarter. Focus Partners Wealth raised its position in HF Sinclair by 71.7% in the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after purchasing an additional 8,102 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in shares of HF Sinclair by 11.8% during the second quarter. Teacher Retirement System of Texas now owns 38,196 shares of the company’s stock valued at $1,569,000 after purchasing an additional 4,027 shares in the last quarter. Hantz Financial Services Inc. boosted its stake in shares of HF Sinclair by 203.5% during the second quarter. Hantz Financial Services Inc. now owns 1,545 shares of the company’s stock valued at $63,000 after purchasing an additional 1,036 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of HF Sinclair by 1.3% during the second quarter. Bank of Montreal Can now owns 22,788 shares of the company’s stock worth $936,000 after purchasing an additional 290 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a report on Monday, December 29th. BMO Capital Markets decreased their price target on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. UBS Group raised their price target 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. Wall Street Zen lowered shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Finally, Piper Sandler decreased their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. One equities research 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. Based on data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Hold” and a consensus target price of $58.73.

HF Sinclair Stock Up 0.4%

Shares of NYSE DINO opened at $54.03 on Wednesday. The company’s 50 day moving average price is $51.21 and its 200-day moving average price is $51.47. 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 Corporation has a 52-week low of $24.66 and a 52-week high of $59.33. The company has a market capitalization of $9.74 billion, a P/E ratio of 17.60 and a beta of 0.83.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. The business had revenue of $6.46 billion during 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%. HF Sinclair’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the firm earned ($1.02) earnings per share. Equities analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, March 2nd. HF Sinclair’s payout ratio is currently 65.15%.

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.