Pacer Advisors Inc. Has $195.34 Million Stake in HF Sinclair Co. (NYSE:DINO)

Pacer Advisors Inc. lifted its position in shares of HF Sinclair Co. (NYSE:DINO) by 12.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,378,928 shares of the company’s stock after purchasing an additional 480,061 shares during the quarter. Pacer Advisors Inc. owned 2.28% of HF Sinclair worth $195,344,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. raised its position in shares of HF Sinclair by 22.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 52,717 shares of the company’s stock worth $2,736,000 after purchasing an additional 9,772 shares during the period. Boston Partners purchased a new stake in HF Sinclair in the 1st quarter valued at $8,377,000. Seeyond purchased a new stake in HF Sinclair in the 4th quarter valued at $164,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in HF Sinclair by 10.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 31,583 shares of the company’s stock valued at $1,528,000 after buying an additional 2,903 shares during the last quarter. Finally, abrdn plc purchased a new stake in HF Sinclair in the 1st quarter valued at $228,000. 89.15% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of HF Sinclair stock traded down $1.08 during trading on Tuesday, hitting $59.27. The stock had a trading volume of 426,329 shares, compared to its average volume of 2,335,466. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $66.19. The firm has a market cap of $10.91 billion, a price-to-earnings ratio of 5.12, a P/E/G ratio of 0.90 and a beta of 1.39. The business’s 50-day moving average is $54.36 and its 200 day moving average is $48.31.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, August 3rd. The company reported $2.60 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.33. The business had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.38 billion. HF Sinclair had a return on equity of 24.58% and a net margin of 6.87%. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 9.37 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Thursday, August 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Wednesday, August 16th. HF Sinclair’s dividend payout ratio is currently 15.28%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho upped their price objective on HF Sinclair from $63.00 to $72.00 and gave the company a “neutral” rating in a research note on Monday. Bank of America upped their price objective on HF Sinclair from $65.00 to $70.00 and gave the company a “neutral” rating in a research note on Monday. Wells Fargo & Company upped their price objective on HF Sinclair from $60.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Morgan Stanley reiterated an “overweight” rating and set a $70.00 price target on shares of HF Sinclair in a research note on Wednesday, July 19th. Finally, UBS Group increased their price target on HF Sinclair from $53.00 to $58.00 and gave the stock a “neutral” rating in a research note on Monday, August 7th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and a consensus price target of $63.67.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.