HF Sinclair Corporation (NYSE:DINO) Shares Sold by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. reduced its stake in HF Sinclair Corporation by 77.1%, owning approximately 0.78% of the company after selling nearly 5 million shares.
• The company reported a negative EPS of ($0.27) for the last quarter, though it surpassed analysts' expectations of ($0.41) by a margin of $0.14.
• HF Sinclair declared a quarterly dividend of $0.50, translating to an annualized yield of 4.63%, despite having a negative payout ratio.

Pacer Advisors Inc. lessened its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 77.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,474,598 shares of the company's stock after selling 4,971,044 shares during the quarter. Pacer Advisors Inc. owned 0.78% of HF Sinclair worth $48,485,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC boosted its holdings in shares of HF Sinclair by 17.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 30,937 shares of the company's stock worth $1,084,000 after buying an additional 4,643 shares in the last quarter. LPL Financial LLC lifted its holdings in HF Sinclair by 64.0% in the fourth quarter. LPL Financial LLC now owns 106,950 shares of the company's stock valued at $3,749,000 after acquiring an additional 41,743 shares during the period. Prudential Financial Inc. grew its position in HF Sinclair by 22.1% in the 4th quarter. Prudential Financial Inc. now owns 192,127 shares of the company's stock valued at $6,734,000 after acquiring an additional 34,729 shares during the last quarter. Korea Investment CORP lifted its stake in shares of HF Sinclair by 271.3% during the 4th quarter. Korea Investment CORP now owns 138,369 shares of the company's stock worth $4,850,000 after purchasing an additional 101,100 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of HF Sinclair by 24.8% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,314 shares of the company's stock valued at $4,764,000 after purchasing an additional 26,856 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DINO shares. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Morgan Stanley lifted their price target on HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Raymond James Financial upgraded HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price objective for the company in a research report on Tuesday, July 15th. Wolfe Research downgraded shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company upped their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $48.27.

HF Sinclair Stock Down 3.3%

HF Sinclair stock traded down $1.49 during midday trading on Wednesday, hitting $43.55. 684,374 shares of the company's stock were exchanged, compared to its average volume of 2,953,629. The company has a market cap of $8.21 billion, a PE ratio of -56.58 and a beta of 0.93. The firm has a 50-day moving average of $40.86 and a two-hundred day moving average of $36.06. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $52.88. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.76 and a current ratio of 1.87.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.14. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The business had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the previous year, the firm earned $0.71 EPS. The company's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's payout ratio is -259.74%.

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.