Nicholas Investment Partners LP bought a new stake in shares of HF Sinclair Corporation (NYSE:DINO – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 42,150 shares of the company’s stock, valued at approximately $2,936,000.
Several other hedge funds also recently added to or reduced their stakes in DINO. REAP Financial Group LLC acquired a new stake in HF Sinclair during the 4th quarter worth about $29,000. Clearstead Trust LLC acquired a new position in shares of HF Sinclair in the 2nd quarter valued at about $33,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of HF Sinclair in the fourth quarter worth about $36,000. Fairway Wealth LLC purchased a new stake in shares of HF Sinclair in the first quarter worth about $41,000. Finally, State of Wyoming acquired a new stake in HF Sinclair during the second quarter worth about $41,000. 88.29% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on DINO. Barclays lifted their price target on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Morgan Stanley boosted their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Finally, Evercore initiated coverage on shares of HF Sinclair in a report on Friday, July 17th. They set an “in-line” rating and a $85.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.25.
Insider Buying and Selling
In related news, Director Rhoman J. Hardy acquired 1,508 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were acquired 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 trade represents a 11.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction dated Tuesday, June 2nd. The shares were 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 in the company, valued at approximately $1,209,127.87. This trade represents a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.26% of the stock is owned by insiders.
HF Sinclair Stock Performance
Shares of DINO stock opened at $95.12 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $98.39. The business’s 50 day moving average is $82.04 and its two-hundred day moving average is $69.08. The company has a market capitalization of $16.91 billion, a P/E ratio of 9.08 and a beta of 0.70.
HF Sinclair (NYSE:DINO – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. The business had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business’s revenue was up 53.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. Analysts expect that HF Sinclair Corporation will post 11.85 EPS 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 paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.2%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio is 20.04%.
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.
Featured Stories
- Five stocks we like better than HF Sinclair
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Want to see what other hedge funds are holding DINO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HF Sinclair Corporation (NYSE:DINO – Free Report).
Receive News & Ratings for HF Sinclair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HF Sinclair and related companies with MarketBeat.com's FREE daily email newsletter.
