16,533 Shares in HF Sinclair Corporation $DINO Bought by Evolve Private Wealth LLC

Key Points

• Evolve Private Wealth LLC purchased 16,533 shares of HF Sinclair valued at approximately $1.15 million, while institutional investors collectively own 88.29% of the company.
• HF Sinclair reported quarterly EPS of $5.31, exceeding estimates of $4.49, as revenue rose 53.2% year over year to $10.39 billion.
• The company increased its quarterly dividend to $0.525 per share, or $2.10 annualized, representing a 2.2% yield; analysts maintain a consensus “Moderate Buy” rating with an average price target of $81.25.

Evolve Private Wealth LLC bought a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 16,533 shares of the company's stock, valued at approximately $1,152,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. REAP Financial Group LLC purchased a new position in HF Sinclair in the fourth quarter worth $29,000. Clearstead Trust LLC purchased a new stake in shares of HF Sinclair during the 2nd quarter valued at $33,000. Nalls Sherbakoff Group LLC bought a new stake in shares of HF Sinclair during the 4th quarter worth $36,000. Fairway Wealth LLC bought a new stake in shares of HF Sinclair during the 1st quarter worth $41,000. Finally, State of Wyoming purchased a new position in HF Sinclair in the second quarter valued at about $41,000. Hedge funds and other institutional investors own 88.29% of the company's stock.

Insider Buying and Selling

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the company's stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the sale, the director owned 16,543 shares in the company, valued at $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction that occurred 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 directly owned 42,561 shares in the company, valued at $3,599,809.38. This represents a 17.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 11,955 shares of company stock valued at $968,455 in the last 90 days. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DINO shares. Freedom Capital downgraded HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Barclays lifted their price objective on shares of HF Sinclair from $81.00 to $86.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. The Goldman Sachs Group restated a "buy" rating and issued a $114.00 target price on shares of HF Sinclair in a research note on Wednesday, July 29th. Zacks Research raised HF Sinclair from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Finally, TD Cowen increased their price objective on HF Sinclair from $79.00 to $98.00 and gave the company a "hold" rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of "Moderate Buy" and an average price target of $81.25.

HF Sinclair Price Performance

DINO stock opened at $97.13 on Monday. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $97.63. The company has a market cap of $17.27 billion, a P/E ratio of 9.27 and a beta of 0.70. The firm has a 50-day moving average of $81.48 and a 200 day moving average of $68.79. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $8.68 billion. During the same period last year, the company posted $1.10 EPS. HF Sinclair'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 year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be issued 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 payout ratio is 20.04%.

HF Sinclair 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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