28,438 Shares in HF Sinclair Corporation $DINO Bought by Hsbc Holdings PLC

Key Points

• HSBC Holdings acquired 28,438 shares of HF Sinclair worth approximately $2.0 million, while institutional investors collectively own 88.29% of the company.
• HF Sinclair reported strong quarterly results, with earnings of $5.31 per share versus a $4.49 estimate and revenue of $10.39 billion, up 53.2% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $81.25, while the company raised its quarterly dividend to $0.525 per share, or $2.10 annually.

Hsbc Holdings PLC bought a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 28,438 shares of the company's stock, valued at approximately $2,012,000.

Several other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of HF Sinclair in the 2nd quarter worth about $1,291,602,000. Vanguard Group Inc. increased its position in HF Sinclair by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company's stock valued at $775,556,000 after acquiring an additional 446,867 shares during the period. Dimensional Fund Advisors LP raised its stake in HF Sinclair by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company's stock valued at $577,114,000 after acquiring an additional 103,135 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in HF Sinclair by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company's stock valued at $293,260,000 after acquiring an additional 48,103 shares in the last quarter. Finally, State Street Corp boosted its position in HF Sinclair by 0.4% during the 4th quarter. State Street Corp now owns 6,142,078 shares of the company's stock worth $283,027,000 after acquiring an additional 22,150 shares during the period. Institutional investors own 88.29% of the company's stock.

Insider Buying and Selling at HF Sinclair

In related news, Director Manuel J. Fernandez sold 635 shares of the 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 directly owned 16,543 shares of the company's stock, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the company'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 completion of the transaction, the senior vice president directly owned 42,561 shares in the company, valued at $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DINO. Wall Street Zen raised HF Sinclair from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Morgan Stanley increased their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, June 12th. UBS Group raised their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Zacks Research upgraded shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Finally, Barclays upped their price target on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. Two 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $81.25.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $99.90 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The company's 50-day moving average price is $84.56 and its two-hundred day moving average price is $70.18. HF Sinclair Corporation has a 52 week low of $45.71 and a 52 week high of $100.13. The stock has a market cap of $17.76 billion, a PE ratio of 9.53 and a beta of 0.70.

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 for the quarter, beating analysts' consensus estimates of $4.49 by $0.82. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. HF Sinclair's revenue was up 53.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.10 EPS. As a group, sell-side analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.1%. This is a positive change 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 presently 20.04%.

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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