Cadence Wealth Management LLC grew its stake in shares of HF Sinclair Corporation (NYSE:DINO – Free Report) by 38.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,274 shares of the company’s stock after purchasing an additional 7,246 shares during the period. HF Sinclair makes up 0.7% of Cadence Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. Cadence Wealth Management LLC’s holdings in HF Sinclair were worth $1,639,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in DINO. NFJ Investment Group LLC increased its position in HF Sinclair by 1,275.3% in the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after buying an additional 1,737,318 shares in the last quarter. Invesco Ltd. raised its stake in HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after buying an additional 994,090 shares during the period. Victory Capital Management Inc. boosted its holdings in HF Sinclair by 101.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock worth $82,712,000 after acquiring an additional 903,177 shares in the last quarter. Merewether Investment Management LP bought a new position in HF Sinclair in the third quarter worth approximately $35,717,000. Finally, Renaissance Technologies LLC grew its stake in HF Sinclair by 75.1% in the fourth quarter. Renaissance Technologies LLC now owns 1,418,447 shares of the company’s stock valued at $65,362,000 after acquiring an additional 608,472 shares during the period. Institutional investors own 88.29% of the company’s stock.
HF Sinclair Price Performance
DINO opened at $91.71 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 13.79 and a beta of 0.72. The firm’s fifty day moving average price is $72.55 and its two-hundred day moving average price is $62.26. HF Sinclair Corporation has a 1 year low of $42.16 and a 1 year high of $92.64.
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 paid a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.2%. HF Sinclair’s dividend payout ratio (DPR) is 30.08%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on DINO shares. Scotiabank boosted their price objective on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. UBS Group boosted their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $76.75.
Check Out Our Latest Stock Analysis on HF Sinclair
Insider Transactions at HF Sinclair
In other HF Sinclair news, EVP Valerie Pompa sold 10,000 shares of HF Sinclair stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $69.05, for a total transaction of $690,500.00. Following the transaction, the executive vice president owned 43,098 shares of the company’s stock, valued at $2,975,916.90. This trade represents a 18.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Manuel J. Fernandez sold 635 shares of the business’s 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 owned 16,543 shares in the company, valued at $1,209,127.87. The trade was a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,736 shares of company stock worth $954,694. Company insiders own 0.26% of the company’s stock.
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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