LSV Asset Management Reduces Stake in HF Sinclair Co. (NYSE:DINO)

LSV Asset Management trimmed its stake in HF Sinclair Co. (NYSE:DINO) by 2.3% during the second quarter, Holdings Channel reports. The fund owned 4,341,921 shares of the company’s stock after selling 101,052 shares during the period. LSV Asset Management’s holdings in HF Sinclair were worth $231,598,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in shares of HF Sinclair during the 1st quarter valued at approximately $26,000. Riverview Trust Co purchased a new stake in shares of HF Sinclair during the 1st quarter valued at approximately $31,000. Principal Securities Inc. purchased a new stake in shares of HF Sinclair during the 4th quarter valued at approximately $30,000. Pingora Partners LLC purchased a new stake in shares of HF Sinclair during the 4th quarter valued at approximately $35,000. Finally, Innealta Capital LLC purchased a new stake in shares of HF Sinclair during the 2nd quarter valued at approximately $34,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

Shares of NYSE:DINO traded up $0.11 during trading on Friday, reaching $45.69. The company had a trading volume of 2,357,118 shares, compared to its average volume of 1,991,678. The company has a fifty day moving average of $48.55 and a two-hundred day moving average of $53.93. The stock has a market capitalization of $8.78 billion, a P/E ratio of 5.65 and a beta of 1.18. HF Sinclair Co. has a 12 month low of $44.09 and a 12 month high of $64.16. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same quarter last year, the firm earned $2.60 EPS. The firm’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts forecast that HF Sinclair Co. will post 3.69 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. UBS Group dropped their price target on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Wolfe Research started coverage on shares of HF Sinclair in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Mizuho decreased their target price on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. JPMorgan Chase & Co. upped their target price on shares of HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Piper Sandler decreased their target price on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

HF Sinclair Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.