Wellington Management Group LLP lifted its stake in shares of HF Sinclair Corporation (NYSE:DINO – Free Report) by 42.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 436,279 shares of the company’s stock after buying an additional 130,838 shares during the quarter. Wellington Management Group LLP owned approximately 0.25% of HF Sinclair worth $30,387,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DINO. REAP Financial Group LLC purchased a new position in HF Sinclair in the fourth quarter worth approximately $29,000. Clearstead Trust LLC purchased a new stake in shares of HF Sinclair in the 2nd quarter valued at approximately $33,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of HF Sinclair in the 4th quarter valued at $36,000. State of Wyoming acquired a new stake in shares of HF Sinclair in the 2nd quarter valued at $41,000. Finally, Fairway Wealth LLC purchased a new stake in shares of HF Sinclair during the 1st quarter worth $41,000. Institutional investors and hedge funds own 88.29% of the company’s stock.
Insider Activity at HF Sinclair
In other HF Sinclair news, Director Rhoman J. Hardy bought 1,508 shares of the stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the transaction, the director owned 15,037 shares in the company, valued at approximately $997,253.84. The trade was a 11.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was 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 in the company, valued at approximately $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. Insiders own 0.26% of the company’s stock.
HF Sinclair Stock Performance
HF Sinclair (NYSE:DINO – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $5.31 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 previous year, the firm earned $1.10 earnings per share. The business’s revenue was up 53.2% compared to the same quarter last year. As a group, analysts expect that HF Sinclair Corporation will post 11.85 earnings per share for the current year.
HF Sinclair Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were paid a dividend of $0.525 per share. The ex-dividend date was Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.0%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.
Analyst Upgrades and Downgrades
DINO has been the topic of several recent analyst reports. Evercore initiated coverage on HF Sinclair in a report on Friday, July 17th. They issued an “in-line” rating and a $85.00 target price on the stock. Morgan Stanley upped their price objective on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings raised HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company upped their price target on HF Sinclair from $67.00 to $93.00 and gave the company an “equal weight” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus target price of $83.42.
Check Out Our Latest Analysis on HF Sinclair
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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