Sanctuary Advisors LLC acquired a new stake in HF Sinclair Corporation (NYSE:DINO – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 39,633 shares of the company’s stock, valued at approximately $2,760,000.
A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in HF Sinclair during the 2nd quarter worth approximately $1,291,602,000. Bank of New York Mellon Corp acquired a new stake in HF Sinclair in the second quarter valued at approximately $140,654,000. NFJ Investment Group LLC grew its stake in HF Sinclair by 1,275.3% in the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after acquiring an additional 1,737,318 shares during the period. Invesco Ltd. grew its stake in HF Sinclair by 104.3% in the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after acquiring an additional 994,090 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of HF Sinclair by 101.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock valued at $82,712,000 after acquiring an additional 903,177 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.
Insider Activity at HF Sinclair
In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction on Wednesday, August 5th. The shares were 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 of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Manuel J. Fernandez sold 635 shares of the company’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 completion of the sale, the director owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their position. The SEC filing for this sale provides additional information. 0.26% of the stock is currently owned by insiders.
Analyst Ratings Changes
Read Our Latest Research Report on HF Sinclair
HF Sinclair Stock Performance
Shares of DINO opened at $93.44 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The stock has a 50 day moving average price of $82.57 and a two-hundred day moving average price of $69.33. The firm has a market capitalization of $16.61 billion, a P/E ratio of 8.92 and a beta of 0.70. HF Sinclair Corporation has a 52 week low of $45.71 and a 52 week high of $98.39.
HF Sinclair (NYSE:DINO – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The company’s quarterly revenue was up 53.2% compared to the same quarter last year. Equities analysts forecast that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.
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 given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, August 11th. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is currently 20.04%.
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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