30,280 Shares in HF Sinclair Corporation $DINO Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 30,280 shares of HF Sinclair valued at approximately $2.1 million, while institutional investors and hedge funds collectively own 88.29% of DINO.
• HF Sinclair reported strong quarterly results, with EPS of $5.31 versus the $4.49 consensus estimate and revenue of $10.39 billion, up 53.2% year over year. The company also raised its quarterly dividend to $0.525 per share, producing a 2.2% annualized yield.
• DINO shares opened at $95.12, near their 52-week high of $98.39, despite analysts’ consensus target price of $81.25. Wall Street’s overall rating remains “Moderate Buy,” although recent recommendations range from “Strong Buy” to “Strong Sell.”

Quantbot Technologies LP acquired a new stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 30,280 shares of the company's stock, valued at approximately $2,109,000.

Several other hedge funds also recently added to or reduced their stakes in DINO. REAP Financial Group LLC acquired a new position in HF Sinclair in the fourth quarter worth about $29,000. Clearstead Trust LLC bought a new stake in HF Sinclair in the second quarter valued at about $33,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair during the fourth quarter valued at approximately $36,000. Fairway Wealth LLC acquired a new stake in HF Sinclair during the first quarter valued at approximately $41,000. Finally, State of Wyoming acquired a new stake in HF Sinclair during the second quarter valued at approximately $41,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Rhoman J. Hardy bought 1,508 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was purchased 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 directly owned 15,037 shares of the company's stock, valued at approximately $997,253.84. This trade represents a 11.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares of the company's stock, valued at approximately $3,599,809.38. The trade was 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 currently owned by insiders.

HF Sinclair Stock Performance

DINO stock opened at $95.12 on Tuesday. The company has a 50-day simple moving average of $82.04 and a 200 day simple moving average of $69.08. The company has a market capitalization 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 fifty-two week low of $45.71 and a fifty-two week high of $98.39.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $5.31 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 firm had revenue of $10.39 billion for the quarter, compared to analysts' expectations of $8.68 billion. During the same quarter last year, the company earned $1.10 EPS. HF Sinclair's quarterly revenue was up 53.2% on a year-over-year basis. Sell-side analysts predict that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company 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 dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This is a positive change from HF Sinclair's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.2%. HF Sinclair's dividend payout ratio is presently 20.04%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DINO. Morgan Stanley lifted their target price on HF Sinclair from $69.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, June 12th. Freedom Capital lowered HF Sinclair from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. Barclays raised their price objective on HF Sinclair from $81.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. Evercore began 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 for the company. 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 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 company's stock. According to MarketBeat, HF Sinclair presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.25.

About HF Sinclair

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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