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Artemis Investment Management LLP Invests $14.29 Million in HF Sinclair Corporation $DINO

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Key Points

  • Artemis Investment Management LLP established a new position in HF Sinclair, buying 310,207 shares worth about $14.29 million, equal to roughly 0.17% of the company.
  • Q1 beat and dividend: HF Sinclair reported $0.69 EPS vs. a consensus loss of ($0.06) and $7.12B revenue, posted GAAP net income of $648M, and declared a $0.50 quarterly dividend (annualized $2.00, ~2.9% yield).
  • Market backdrop: the stock trades near its 52‑week high with a P/E around 10.4, institutional ownership ~88%, and a consensus analyst rating of "Moderate Buy" with a $64.45 price target.
  • MarketBeat previews top five stocks to own in June.

Artemis Investment Management LLP acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 310,207 shares of the company's stock, valued at approximately $14,294,000. Artemis Investment Management LLP owned 0.17% of HF Sinclair as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of DINO. Convergence Investment Partners LLC purchased a new stake in HF Sinclair during the 3rd quarter worth about $1,408,000. Citigroup Inc. increased its holdings in shares of HF Sinclair by 41.4% in the 3rd quarter. Citigroup Inc. now owns 445,121 shares of the company's stock valued at $23,298,000 after acquiring an additional 130,338 shares during the last quarter. RWC Asset Management LLP raised its position in shares of HF Sinclair by 30.3% during the 3rd quarter. RWC Asset Management LLP now owns 143,634 shares of the company's stock worth $7,518,000 after acquiring an additional 33,394 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of HF Sinclair by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company's stock worth $484,631,000 after acquiring an additional 560,194 shares in the last quarter. Finally, Pacific Heights Asset Management LLC lifted its stake in HF Sinclair by 16.7% during the third quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the company's stock worth $18,319,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Trading Up 2.7%

NYSE:DINO opened at $69.03 on Friday. The firm has a market cap of $12.44 billion, a P/E ratio of 10.38 and a beta of 0.72. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. The stock's 50 day simple moving average is $58.12 and its 200-day simple moving average is $53.92. HF Sinclair Corporation has a 12-month low of $31.04 and a 12-month high of $70.51.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The company's revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the company earned ($0.27) earnings per share. Equities analysts anticipate that HF Sinclair Corporation will post 7.11 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 11th will be given a $0.50 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a yield of 2.9%. HF Sinclair's dividend payout ratio (DPR) is presently 30.08%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DINO shares. Wells Fargo & Company increased their target price on shares of HF Sinclair from $58.00 to $67.00 and gave the company an "equal weight" rating in a research report on Tuesday, March 31st. Wall Street Zen cut shares of HF Sinclair from a "strong-buy" rating to a "buy" rating in a research report on Sunday, April 12th. Zacks Research raised HF Sinclair from a "hold" rating to a "strong-buy" rating in a report on Monday, April 27th. Scotiabank raised their price objective on HF Sinclair from $53.00 to $54.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 22nd. Finally, Mizuho boosted their target price on HF Sinclair from $63.00 to $69.00 and gave the company an "outperform" rating in a report on Tuesday, March 17th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, HF Sinclair currently has an average rating of "Moderate Buy" and a consensus price target of $64.45.

Get Our Latest Stock Report on DINO

HF Sinclair News Summary

Here are the key news stories impacting HF Sinclair this week:

HF Sinclair Profile

(Free Report)

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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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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