12,110 Shares in HF Sinclair Corporation $DINO Acquired by Callan Family Office LLC

Key Points

• Callan Family Office acquired 12,110 shares of HF Sinclair worth approximately $843,000, while institutional investors collectively own 88.29% of the company.
• HF Sinclair reported strong quarterly results, with EPS of $5.31 beating estimates by $0.82 and revenue rising 53.2% year over year to $10.39 billion.
• The company increased its quarterly dividend to $0.525 per share, or $2.10 annually, yielding about 2.2%. Analysts maintain a “Moderate Buy” consensus with an average price target of $81.25.

Callan Family Office LLC purchased a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,110 shares of the company's stock, valued at approximately $843,000.

Several other hedge funds have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its holdings in shares of 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 lifted its stake in shares of HF Sinclair by 71.7% during the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company's stock worth $638,000 after buying an additional 8,102 shares during the last quarter. Amundi lifted 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 buying an additional 12,387 shares during the last quarter. Jump Financial LLC bought a new stake in shares of HF Sinclair during the 2nd quarter worth about $209,000. Finally, Cerity Partners LLC grew its stake in HF Sinclair by 25.7% in the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company's stock valued at $5,959,000 after buying an additional 29,635 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Analyst Ratings Changes

DINO has been the topic of several research analyst reports. The Goldman Sachs Group reissued a "buy" rating and issued a $114.00 price target on shares of HF Sinclair in a report on Wednesday, July 29th. TD Cowen boosted their price objective on HF Sinclair from $79.00 to $98.00 and gave the stock a "hold" rating in a report on Tuesday, July 21st. Barclays upped their target price 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 upgraded HF Sinclair from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Finally, UBS Group lifted their price target on HF Sinclair from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.25.

HF Sinclair Price Performance

Shares of DINO stock opened at $95.12 on Tuesday. The business has a fifty day simple moving average of $82.04 and a 200 day simple moving average of $69.08. The company has a market cap of $16.91 billion, a P/E ratio of 9.08 and a beta of 0.70. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $98.39.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same period in the previous year, the firm posted $1.10 EPS. The firm's revenue was up 53.2% on a year-over-year basis. On average, sell-side analysts forecast 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. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. HF Sinclair's dividend payout ratio (DPR) is currently 20.04%.

Insider Activity

In related news, SVP Dale Kunneman sold 8,936 shares of the firm's stock in a transaction 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 sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rhoman J. Hardy acquired 1,508 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the acquisition, the director owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.26% of the stock is owned by corporate insiders.

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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