Commerce Bank acquired a new stake in HF Sinclair Corporation (NYSE:DINO – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 33,911 shares of the company’s stock, valued at approximately $2,362,000.
Other hedge funds also recently modified their holdings of the company. REAP Financial Group LLC bought a new stake in shares of HF Sinclair during the 4th quarter worth about $29,000. Clearstead Trust LLC acquired a new position in HF Sinclair in the 2nd quarter valued at about $33,000. Nalls Sherbakoff Group LLC bought a new position in HF Sinclair in the 4th quarter valued at about $36,000. Fairway Wealth LLC bought a new position in HF Sinclair in the 1st quarter valued at about $41,000. Finally, State of Wyoming acquired a new stake in HF Sinclair during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 88.29% of the company’s stock.
HF Sinclair Price Performance
Shares of HF Sinclair stock opened at $95.12 on Tuesday. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $98.39. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $82.04 and a two-hundred day simple moving average of $69.08. The stock has a market capitalization of $16.91 billion, a price-to-earnings ratio of 9.08 and a beta of 0.70.
HF Sinclair Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. HF Sinclair’s dividend payout ratio is presently 20.04%.
Insider Activity at HF Sinclair
In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the transaction, the director owned 16,543 shares in the company, valued at $1,209,127.87. This trade represents a 3.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rhoman J. Hardy acquired 1,508 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, with a total value of $100,010.56. Following the completion of the acquisition, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.26% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on DINO shares. The Goldman Sachs Group restated a “buy” rating and set a $114.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. Freedom Capital lowered HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. TD Cowen boosted their price target on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.25.
Read Our Latest Research Report on HF Sinclair
About HF Sinclair
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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