Vise Technologies Inc. bought a new stake in HF Sinclair Corporation (NYSE:DINO – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,201 shares of the company’s stock, valued at approximately $711,000.
Several other large investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. lifted its stake in HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after purchasing an additional 119,832 shares during the last quarter. Focus Partners Wealth raised its stake in shares of HF Sinclair by 71.7% in the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after buying an additional 8,102 shares during the period. Amundi grew its stake in shares of HF Sinclair by 7.7% during the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after acquiring an additional 12,387 shares during the period. Jump Financial LLC bought a new position in shares of HF Sinclair during the 2nd quarter worth $209,000. Finally, Cerity Partners LLC grew its stake in shares of HF Sinclair by 25.7% during the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after acquiring an additional 29,635 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on DINO. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Morgan Stanley increased their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 target price on shares of HF Sinclair in a research note on Wednesday, July 29th. Barclays boosted their price target on shares of HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings upgraded shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Two equities 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, HF Sinclair has an average rating of “Moderate Buy” and an average price target of $81.25.
Insider Activity
In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the transaction, the senior vice president directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. This trade represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Dale Kunneman sold 8,936 shares of the business’s 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 owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 11,955 shares of company stock valued at $968,455. Corporate insiders own 0.26% of the company’s stock.
HF Sinclair Price Performance
Shares of NYSE DINO opened at $97.13 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. HF Sinclair Corporation has a fifty-two week low of $45.71 and a fifty-two week high of $97.63. The stock has a market cap of $17.27 billion, a PE ratio of 9.27 and a beta of 0.70. The stock has a fifty day moving average of $81.48 and a 200-day moving average of $68.79.
HF Sinclair (NYSE:DINO – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.68 billion. During the same quarter in the prior year, the firm posted $1.10 EPS. The firm’s quarterly revenue was up 53.2% on a year-over-year basis. Equities research analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current year.
HF Sinclair Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.525 per share. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) 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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