Stiles Financial Services Inc Takes Position in HF Sinclair Corporation $DINO

Stiles Financial Services Inc purchased a new position in shares of HF Sinclair Corporation (NYSE:DINOFree Report) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 8,084 shares of the company’s stock, valued at approximately $504,000.

A number of other large investors have also bought and sold shares of the stock. Virtus Investment Advisers LLC lifted its position in HF Sinclair by 5.9% in the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after purchasing an additional 195 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of HF Sinclair by 3.8% in the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after purchasing an additional 210 shares during the last quarter. Unison Advisors LLC increased its stake in shares of HF Sinclair by 0.9% in the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after buying an additional 218 shares during the period. Parallel Advisors LLC increased its stake in shares of HF Sinclair by 4.9% in the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after buying an additional 221 shares during the period. Finally, Blue Trust Inc. raised its holdings in HF Sinclair by 4.7% during the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after buying an additional 228 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Trading Down 1.4%

NYSE:DINO opened at $77.52 on Friday. The company has a 50-day moving average price of $70.18 and a 200-day moving average price of $60.05. HF Sinclair Corporation has a 12 month low of $42.16 and a 12 month high of $78.79. 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 has a market cap of $13.98 billion, a price-to-earnings ratio of 11.66 and a beta of 0.72.

HF Sinclair (NYSE:DINOGet Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the previous year, the firm posted ($0.27) EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities analysts predict that HF Sinclair Corporation will post 9.46 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s payout ratio is presently 30.08%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DINO shares. Wells Fargo & Company increased their price target on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Weiss Ratings raised shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Raymond James Financial upped their price objective on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 25th. Scotiabank raised their target price on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Barclays boosted their price target on HF Sinclair from $61.00 to $71.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, HF Sinclair has an average rating of “Hold” and a consensus target price of $71.55.

View Our Latest Report on DINO

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the company’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 transaction of $166,236.32. Following the transaction, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the transaction, the director directly owned 16,543 shares of the company’s stock, valued at $1,209,127.87. This represents a 3.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 13,736 shares of company stock worth $954,694. Insiders own 0.26% of the company’s stock.

About HF Sinclair

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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