Engineers Gate Manager LP Sells 302,975 Shares of HF Sinclair Corporation $DINO

Engineers Gate Manager LP lessened its position in HF Sinclair Corporation (NYSE:DINO) by 68.8% in the second quarter, HoldingsChannel reports. The fund owned 137,419 shares of the company’s stock after selling 302,975 shares during the quarter. Engineers Gate Manager LP’s holdings in HF Sinclair were worth $9,571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Virtus Investment Advisers LLC raised its position in shares of HF Sinclair by 5.9% during the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after purchasing an additional 195 shares during the period. Parallel Advisors LLC grew its position in HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after purchasing an additional 221 shares during the period. Blue Trust Inc. grew its position in HF Sinclair by 4.7% in the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after purchasing an additional 228 shares during the period. Unison Advisors LLC increased its stake in HF Sinclair by 1.0% during the 1st quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock valued at $1,469,000 after purchasing an additional 234 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in HF Sinclair by 31.2% during the 2nd quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock valued at $69,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DINO shares. TD Cowen raised their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $114.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. Wells Fargo & Company boosted their target price on shares of HF Sinclair from $67.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. Mizuho upped their target price on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and a consensus target price of $87.25.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $107.83 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $91.25 and its two-hundred day simple moving average is $73.36. HF Sinclair Corporation has a 1-year low of $45.71 and a 1-year high of $110.92. The stock has a market cap of $19.17 billion, a PE ratio of 10.29 and a beta of 0.71.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same period in the previous year, the firm earned $1.10 EPS. The business’s revenue for the quarter was up 53.2% compared to the same quarter last year. As a group, analysts forecast that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.9%. HF Sinclair’s payout ratio is 20.04%.

Insider Activity

In other news, Director Rhoman J. Hardy acquired 1,508 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the purchase, the director owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares in the company, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The SEC filing for this sale provides additional information. 0.26% of the stock is currently owned by insiders.

HF Sinclair Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into transportation fuels, including gasoline, diesel and jet fuel, as well as asphalt, base oils and other specialty products.

Through its marketing operations, HF Sinclair supplies fuel and related products to commercial customers, wholesale distributors and retail locations under brands that include Sinclair, HollyFrontier and various regional fuel brands.