Algert Global LLC Has $16.72 Million Stock Position in HF Sinclair Corporation $DINO

Key Points

• Algert Global increased its HF Sinclair stake by 62.4% in the second quarter, purchasing 92,190 additional shares for a total position worth approximately $16.72 million. Institutional investors collectively own 88.29% of DINO.
• HF Sinclair reported strong quarterly results, with EPS of $5.31 beating estimates of $4.49 and revenue rising 53.2% year over year to $10.39 billion.
• The company raised its quarterly dividend from $0.50 to $0.525 per share, implying a $2.10 annualized payout and a 2.2% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $81.25.

Algert Global LLC grew its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 62.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 240,030 shares of the company's stock after purchasing an additional 92,190 shares during the quarter. Algert Global LLC owned about 0.14% of HF Sinclair worth $16,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. REAP Financial Group LLC acquired a new position in shares of HF Sinclair during the 4th quarter valued at about $29,000. Clearstead Trust LLC bought a new position in shares of HF Sinclair in the 2nd quarter valued at approximately $33,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair in the 4th quarter worth approximately $36,000. Fairway Wealth LLC acquired a new stake in HF Sinclair in the 1st quarter worth approximately $41,000. Finally, State of Wyoming bought a new stake in HF Sinclair during the second quarter worth approximately $41,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the company's stock in a transaction that occurred on 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 transaction, the director owned 16,543 shares of the company's stock, valued at $1,209,127.87. This represents a 3.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rhoman J. Hardy acquired 1,508 shares of HF Sinclair stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of $66.32 per share, with a total value of $100,010.56. Following the transaction, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.26% of the company's stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $95.12 on Tuesday. The firm's 50-day moving average is $82.04 and its 200-day moving average is $69.08. HF Sinclair Corporation has a 52-week low of $45.71 and a 52-week high of $98.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 9.08 and a beta of 0.70.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 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 business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.68 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The firm's revenue for the quarter was up 53.2% on a year-over-year basis. Equities research analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. 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%. The ex-dividend date is Tuesday, August 11th. HF Sinclair's dividend payout ratio is presently 20.04%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. 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. Mizuho raised their target price on shares of HF Sinclair from $79.00 to $85.00 and gave the company a "neutral" rating in a research note on Tuesday, August 4th. Zacks Research upgraded shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Barclays boosted their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. Finally, Evercore assumed coverage on shares of HF Sinclair in a report on Friday, July 17th. They set an "in-line" rating and a $85.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.25.

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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