Pacer Advisors Inc. Has $374.91 Million Position in HF Sinclair Co. (NYSE:DINO)

Pacer Advisors Inc. increased its position in HF Sinclair Co. (NYSE:DINO) by 8.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,411,694 shares of the company’s stock after acquiring an additional 626,755 shares during the period. HF Sinclair comprises 0.8% of Pacer Advisors Inc.’s investment portfolio, making the stock its 29th biggest position. Pacer Advisors Inc.’s holdings in HF Sinclair were worth $374,909,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its position in shares of HF Sinclair by 25.6% in the first quarter. Sei Investments Co. now owns 61,664 shares of the company’s stock valued at $3,722,000 after acquiring an additional 12,558 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in HF Sinclair by 15.9% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,021 shares of the company’s stock worth $786,000 after purchasing an additional 1,782 shares during the last quarter. Clearbridge Investments LLC raised its holdings in HF Sinclair by 2.4% during the 1st quarter. Clearbridge Investments LLC now owns 324,024 shares of the company’s stock worth $19,561,000 after purchasing an additional 7,566 shares during the last quarter. UniSuper Management Pty Ltd raised its holdings in HF Sinclair by 91.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the company’s stock worth $139,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in HF Sinclair by 201.0% during the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock worth $71,000 after purchasing an additional 782 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $42.36 on Thursday. The stock’s 50-day simple moving average is $43.74 and its 200 day simple moving average is $48.51. The firm has a market capitalization of $7.97 billion, a PE ratio of 26.15 and a beta of 1.18. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a twelve month low of $38.25 and a twelve month high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair’s revenue was down 19.1% compared to the same quarter last year. During the same period last year, the firm posted $4.06 earnings per share. On average, analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.72%. HF Sinclair’s dividend payout ratio is presently 123.46%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Scotiabank decreased their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. UBS Group cut their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. cut their target price on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Piper Sandler dropped their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Finally, Morgan Stanley dropped their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.27.

About HF Sinclair

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.