B. Metzler seel. Sohn & Co. AG Invests $1.42 Million in HF Sinclair Corporation $DINO

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 20,419 HF Sinclair shares worth approximately $1.42 million, while institutional investors collectively own 88.29% of the company.
• Analysts maintain a generally positive outlook, with HF Sinclair receiving a consensus rating of “Moderate Buy” and an average price target of $81.25, despite recent insider selling.
• HF Sinclair reported strong quarterly results, including $5.31 in adjusted EPS and $10.39 billion in revenue, and raised its quarterly dividend to $0.525 per share.

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,419 shares of the company's stock, valued at approximately $1,422,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of HF Sinclair in the 2nd quarter worth $1,291,602,000. Vanguard Group Inc. increased its position in HF Sinclair by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company's stock valued at $775,556,000 after buying an additional 446,867 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company's stock worth $577,114,000 after acquiring an additional 103,135 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of HF Sinclair by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company's stock worth $293,260,000 after acquiring an additional 48,103 shares during the last quarter. Finally, State Street Corp grew its stake in shares of HF Sinclair by 0.4% during the fourth 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 last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analysts Set New Price Targets

DINO has been the subject of several research analyst reports. Morgan Stanley increased their price objective 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. TD Cowen raised their price objective on HF Sinclair from $79.00 to $98.00 and gave the stock a "hold" rating in a research note on Tuesday, July 21st. Raymond James Financial set a $105.00 target price on HF Sinclair in a report on Wednesday, July 29th. Evercore assumed coverage on HF Sinclair in a research report on Friday, July 17th. They issued an "in-line" rating and a $85.00 target price on the stock. Finally, UBS Group increased their price target on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $81.25.

Insider Activity at HF Sinclair

In other news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the sale, the director owned 16,543 shares in the company, valued at $1,209,127.87. This trade represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Matthew Joyce sold 2,384 shares of the business's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the sale, the senior vice president directly owned 14,797 shares of the company's stock, valued at $1,031,794.81. This represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,955 shares of company stock worth $968,455 in the last ninety days. 0.26% of the stock is owned by company insiders.

HF Sinclair Stock Performance

Shares of DINO stock opened at $97.13 on Monday. The company has a market capitalization of $17.27 billion, a P/E ratio of 9.27 and a beta of 0.70. The business's 50 day moving average is $81.48 and its two-hundred day moving average is $68.79. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $97.63.

HF Sinclair (NYSE:DINO - Get Free Report) last posted 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. The business had revenue of $10.39 billion during the quarter, compared to analysts' expectations of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business's revenue was up 53.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. Analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders 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 payout ratio is 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source