SIR Capital Management L.P. trimmed its position in shares of HF Sinclair Corporation (NYSE:DINO – Free Report) by 9.0% during the 4th quarter, HoldingsChannel reports. The fund owned 530,222 shares of the company’s stock after selling 52,714 shares during the quarter. HF Sinclair makes up approximately 2.7% of SIR Capital Management L.P.’s investment portfolio, making the stock its 11th biggest holding. SIR Capital Management L.P.’s holdings in HF Sinclair were worth $24,433,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kingsview Wealth Management LLC increased its stake in HF Sinclair by 1,451.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock valued at $2,827,000 after acquiring an additional 57,391 shares during the period. Citigroup Inc. increased its stake in HF Sinclair by 41.4% during the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock valued at $23,298,000 after acquiring an additional 130,338 shares during the period. Jefferies Financial Group Inc. bought a new position in HF Sinclair during the fourth quarter valued at about $6,194,000. Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after purchasing an additional 560,194 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in HF Sinclair by 498.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 51,094 shares of the company’s stock valued at $2,674,000 after purchasing an additional 42,552 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $81.00 price objective on shares of HF Sinclair in a report on Wednesday, May 6th. TD Cowen lifted their price objective on HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a report on Monday, May 4th. Piper Sandler decreased their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. BMO Capital Markets decreased their price objective on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Finally, Barclays lifted their price objective on HF Sinclair from $61.00 to $71.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $71.64.
HF Sinclair Stock Up 1.5%
NYSE DINO opened at $70.93 on Friday. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The stock’s 50 day moving average is $66.27 and its two-hundred day moving average is $57.42. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 10.67 and a beta of 0.72. HF Sinclair Corporation has a 1-year low of $38.11 and a 1-year high of $74.72.
HF Sinclair (NYSE:DINO – Get Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.HF Sinclair’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.27) EPS. Equities analysts forecast that HF Sinclair Corporation will post 8.98 earnings per share for the current fiscal year.
HF Sinclair Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s payout ratio is presently 30.08%.
Insiders Place Their Bets
In other news, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the transaction, the senior vice president directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. The trade was a 13.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $69.05, for a total value of $690,500.00. Following the completion of the transaction, the executive vice president directly owned 43,098 shares in the company, valued at $2,975,916.90. The trade was a 18.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,736 shares of company stock valued at $954,694 over the last quarter. 0.26% of the stock is owned by insiders.
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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