74,808 Shares in HF Sinclair Corporation $DINO Acquired by Energy Income Partners LLC

Key Points

• Energy Income Partners acquired 74,808 HF Sinclair shares worth approximately $5.21 million, 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 raised its quarterly dividend to $0.525 per share, equivalent to an annualized $2.10 payout and a 2.2% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $81.25.

Energy Income Partners LLC bought a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 74,808 shares of the company's stock, valued at approximately $5,210,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of HF Sinclair during the second quarter valued at about $1,291,602,000. Vanguard Group Inc. lifted its holdings in HF Sinclair by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company's stock worth $775,556,000 after purchasing an additional 446,867 shares during the period. Dimensional Fund Advisors LP grew its position in HF Sinclair by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company's stock valued at $577,114,000 after buying an additional 103,135 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in HF Sinclair by 0.8% in 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 buying an additional 48,103 shares in the last quarter. Finally, State Street Corp increased its stake in HF Sinclair by 0.4% during the 4th quarter. State Street Corp now owns 6,142,078 shares of the company's stock valued at $283,027,000 after buying an additional 22,150 shares during the period. Institutional investors own 88.29% of the company's stock.

Insiders Place Their Bets

In other news, SVP Matthew Joyce sold 2,384 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the sale, the senior vice president owned 14,797 shares of the company's stock, valued at $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the transaction, the director owned 16,543 shares in the company, valued at $1,209,127.87. This represents a 3.70% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 11,955 shares of company stock worth $968,455. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Zacks Research upgraded shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Raymond James Financial set a $105.00 price objective on shares of HF Sinclair in a research note on Wednesday, July 29th. Scotiabank boosted their target price on HF Sinclair from $53.00 to $54.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 22nd. Morgan Stanley increased their price target on HF Sinclair from $69.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, June 12th. Finally, Mizuho lifted their price target on HF Sinclair from $79.00 to $85.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Two equities research 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 assigned a Sell rating to the company. According to MarketBeat, HF Sinclair has a consensus rating of "Moderate Buy" and an average target price of $81.25.

HF Sinclair Stock Performance

HF Sinclair stock opened at $95.72 on Wednesday. HF Sinclair Corporation has a fifty-two week low of $44.70 and a fifty-two week high of $95.85. The firm's 50 day simple moving average is $80.02 and its 200-day simple moving average is $67.88. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The company has a market cap of $17.02 billion, a P/E ratio of 9.13 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 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 business had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. The firm's quarterly revenue was up 53.2% on a year-over-year basis. As a group, equities research analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be issued a $0.525 dividend. The ex-dividend date is Tuesday, August 11th. This is an increase from HF Sinclair's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.2%. HF Sinclair's dividend payout ratio is currently 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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