HF Sinclair Corporation $DINO is Icon Advisers Inc. Co.'s 7th Largest Position

Key Points

• Icon Advisers raised its stake in HF Sinclair by 56.4% to 163,600 shares, making DINO its 7th largest holding (2.0% of the fund, ~ $8.56M; Icon owns ~0.09% of HF Sinclair).
• HF Sinclair beat earnings for the quarter with $1.20 EPS vs. $0.83 expected and $6.46B revenue vs. $6.19B estimated, and announced a quarterly dividend of $0.50 ($2.00 annualized, ~3.6% yield; ex-dividend Mar 2, pay Mar 12).
• Institutional investors own 88.29% of the stock; analysts' consensus is a Hold with a $58.73 price target, and the shares trade near their 52-week high (range $24.66–$59.33) with a PE of 18.28.

Icon Advisers Inc. Co. raised its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 56.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 163,600 shares of the company's stock after acquiring an additional 59,000 shares during the period. HF Sinclair makes up 2.0% of Icon Advisers Inc. Co.'s portfolio, making the stock its 7th largest holding. Icon Advisers Inc. Co. owned approximately 0.09% of HF Sinclair worth $8,563,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Quent Capital LLC purchased a new position in shares of HF Sinclair during the third quarter valued at about $28,000. Johnson Financial Group Inc. bought a new stake in shares of HF Sinclair in the second quarter worth about $33,000. State of Wyoming purchased a new stake in shares of HF Sinclair in the second quarter worth about $41,000. CI Investments Inc. boosted its stake in HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company's stock valued at $59,000 after buying an additional 187 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in HF Sinclair by 21.2% during the 3rd quarter. Bessemer Group Inc. now owns 1,433 shares of the company's stock valued at $74,000 after buying an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Down 1.9%

Shares of DINO opened at $56.11 on Friday. The company has a market cap of $10.11 billion, a PE ratio of 18.28 and a beta of 0.83. The business has a fifty day moving average of $51.84 and a 200 day moving average of $51.63. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $59.33. The company has a quick ratio of 0.97, a current ratio of 1.94 and a debt-to-equity ratio of 0.30.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.83 by $0.37. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The company had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period in the previous year, the firm earned ($1.02) earnings per share. HF Sinclair's quarterly revenue was down .6% compared to the same quarter last year. On average, sell-side analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. HF Sinclair's payout ratio is currently 65.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Scotiabank downgraded HF Sinclair from a "sector outperform" rating to a "sector perform" rating and lowered their target price for the company from $62.00 to $53.00 in a research report on Wednesday, February 18th. Mizuho upped their price target on shares of HF Sinclair from $62.00 to $63.00 and gave the company an "outperform" rating in a research note on Friday, December 12th. Piper Sandler dropped their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 19th. Zacks Research cut shares of HF Sinclair from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 10th. Finally, Barclays lowered their price target on shares of HF Sinclair from $54.00 to $51.00 and set an "equal weight" rating for the company in a report on Tuesday, January 13th. One 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.

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