Hennessy Advisors Inc. Acquires Shares of 139,100 HF Sinclair Corporation $DINO

Hennessy Advisors Inc. bought a new position in HF Sinclair Corporation (NYSE:DINOFree Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 139,100 shares of the company’s stock, valued at approximately $9,688,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Virtus Investment Advisers LLC lifted its position in HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after acquiring an additional 195 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of HF Sinclair by 3.8% in the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after purchasing an additional 210 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of HF Sinclair by 4.9% during the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after purchasing an additional 221 shares in the last quarter. Blue Trust Inc. boosted its position in shares of HF Sinclair by 4.7% during the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after buying an additional 228 shares during the last quarter. Finally, Unison Advisors LLC increased its holdings in HF Sinclair by 1.0% in the 1st quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock worth $1,469,000 after buying an additional 234 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 3.0%

Shares of HF Sinclair stock opened at $99.90 on Friday. HF Sinclair Corporation has a 1-year low of $45.71 and a 1-year high of $100.13. The company’s fifty day simple moving average is $84.56 and its 200-day simple moving average is $70.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The stock has a market capitalization of $17.76 billion, a PE ratio of 9.53 and a beta of 0.70.

HF Sinclair (NYSE:DINOGet Free Report) last posted 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 analyst estimates of $8.68 billion. During the same period in the prior year, the business posted $1.10 EPS. HF Sinclair’s revenue was up 53.2% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders 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 2.1%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s dividend payout ratio is 20.04%.

Insider Transactions at HF Sinclair

In other news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction dated 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 directly owned 16,543 shares of the company’s stock, valued at $1,209,127.87. The trade was a 3.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rhoman J. Hardy bought 1,508 shares of HF Sinclair stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased 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 $997,253.84. This represents a 11.15% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DINO. Evercore initiated coverage on shares of HF Sinclair in a research note on Friday, July 17th. They set an “in-line” rating and a $85.00 target price on the stock. TD Cowen boosted their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Raymond James Financial set a $105.00 price objective on shares of HF Sinclair in a research report on Wednesday, July 29th. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Get Our Latest Report on DINO

About HF Sinclair

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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