HF Sinclair Corporation $DINO Shares Purchased by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP raised its stake in HF Sinclair by 6.4% in Q3 to 9,259,238 shares — about 5.03% of the company, valued at roughly $484.6 million.
• HF Sinclair beat quarterly estimates with EPS of $1.20 (vs. $0.83) and revenue of $6.46B (vs. $6.19B); the stock traded up 4.9% to $56.74, with a market cap near $10.23 billion and a P/E of 18.48.
• The company declared a quarterly dividend of $0.50 ($2.00 annualized, ~3.5% yield; ex-dividend Mar 2, payable Mar 12), while analysts hold an average rating of "Hold" with a consensus target of $58.73.

Dimensional Fund Advisors LP increased its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 6.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,259,238 shares of the company's stock after purchasing an additional 560,194 shares during the quarter. Dimensional Fund Advisors LP owned 5.03% of HF Sinclair worth $484,631,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DINO. Encompass Capital Advisors LLC acquired a new position in shares of HF Sinclair during the 2nd quarter worth $70,437,000. Engineers Gate Manager LP increased its holdings in HF Sinclair by 1,068.6% during the 2nd quarter. Engineers Gate Manager LP now owns 786,606 shares of the company's stock valued at $32,314,000 after acquiring an additional 719,292 shares in the last quarter. Norges Bank acquired a new position in HF Sinclair during the second quarter worth about $25,531,000. Assenagon Asset Management S.A. purchased a new stake in shares of HF Sinclair in the third quarter valued at about $24,213,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of HF Sinclair by 137.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 779,012 shares of the company's stock valued at $32,002,000 after purchasing an additional 451,346 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Up 4.9%

Shares of NYSE:DINO opened at $56.74 on Thursday. The stock has a 50-day simple moving average of $51.41 and a 200-day simple moving average of $51.51. The stock has a market capitalization of $10.23 billion, a P/E ratio of 18.48 and a beta of 0.83. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $59.33. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.97 and a current ratio of 1.94.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share 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 analyst estimates of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The business's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.02) EPS. Equities analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be given 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 3.5%. HF Sinclair's dividend payout ratio (DPR) is presently 65.15%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. TD Cowen boosted their price target on HF Sinclair from $44.00 to $50.00 and gave the stock a "hold" rating in a report on Thursday, February 19th. Morgan Stanley set a $57.00 target price on shares of HF Sinclair in a research note on Thursday, February 19th. Piper Sandler decreased their price target on shares of HF Sinclair from $67.00 to $63.00 and set an "overweight" rating on the stock in a research note on Thursday, February 19th. BMO Capital Markets lowered their price target on shares of HF Sinclair from $65.00 to $60.00 and set an "outperform" rating for the company in a report on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of HF Sinclair from a "strong-buy" rating to a "buy" rating in a research note on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, HF Sinclair currently has an average rating of "Hold" and a consensus target price of $58.73.

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.

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