Victory Capital Management Inc. Has $50.28 Million Position in HF Sinclair Corporation $DINO

Key Points

• Victory Capital reduced its position in HF Sinclair by 62.2% in Q3, selling 1,470,076 shares and leaving it with 891,787 shares valued at $50.28 million (about 0.48% of the company).
• HF Sinclair beat quarterly estimates with $1.20 EPS (vs. $0.83 expected) and $6.46 billion in revenue, and announced a $0.50 quarterly dividend ($2.00 annual, 3.6% yield; ex-dividend Mar 2).
• Institutional investors own 88.29% of the stock, with several firms initiating or increasing stakes, while analysts maintain a consensus rating of Hold and an average price target of $58.73.

Victory Capital Management Inc. lessened its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 62.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 891,787 shares of the company's stock after selling 1,470,076 shares during the quarter. Victory Capital Management Inc. owned approximately 0.48% of HF Sinclair worth $50,282,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DINO. Encompass Capital Advisors LLC acquired a new stake in shares of HF Sinclair in the second quarter valued at approximately $70,437,000. Engineers Gate Manager LP increased its stake in HF Sinclair by 1,068.6% in the 2nd quarter. Engineers Gate Manager LP now owns 786,606 shares of the company's stock valued at $32,314,000 after buying an additional 719,292 shares during the last quarter. Norges Bank bought a new stake in HF Sinclair during the 2nd quarter worth about $25,531,000. Assenagon Asset Management S.A. acquired a new position in shares of HF Sinclair during the 3rd quarter worth about $24,213,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of HF Sinclair by 137.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 779,012 shares of the company's stock valued at $32,002,000 after acquiring an additional 451,346 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DINO shares. Argus raised HF Sinclair to a "hold" rating in a research report on Tuesday, February 24th. Mizuho increased their price objective on HF Sinclair from $62.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, December 12th. BMO Capital Markets lowered their target price on shares of HF Sinclair from $65.00 to $60.00 and set an "outperform" rating on the stock in a report on Monday, February 23rd. Morgan Stanley set a $57.00 price target on shares of HF Sinclair in a research note on Thursday, February 19th. Finally, Scotiabank lowered shares of HF Sinclair from a "sector outperform" rating to a "sector perform" rating and lowered their price objective for the stock from $62.00 to $53.00 in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $58.73.

HF Sinclair Trading Down 1.9%

Shares of HF Sinclair stock opened at $56.11 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.97. The business has a fifty day simple moving average of $51.84 and a two-hundred day simple moving average of $51.63. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $59.33. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 18.28 and a beta of 0.83.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.83 by $0.37. The firm had revenue of $6.46 billion for 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 10.20%. The company's quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the company earned ($1.02) earnings per share. Research analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

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

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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