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 during the second quarter. Institutional investors collectively own 88.29% of DINO.
• HF Sinclair reported quarterly earnings of $5.31 per share, beating estimates of $4.49, while revenue rose 53.2% year over year to $10.39 billion. The company also increased its quarterly dividend to $0.525, or $2.10 annually.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $83.42, below the stock’s reported opening price of $105.62; DINO has recently traded near its 52-week high of $108.25.

B. Metzler seel. Sohn & Co. AG acquired a new stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) during the second quarter, according to its most recent disclosure 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 also recently made changes to their positions in DINO. REAP Financial Group LLC bought a new position in shares of HF Sinclair in the fourth quarter worth approximately $29,000. Clearstead Trust LLC bought a new stake in HF Sinclair during the second quarter valued at about $33,000. Nalls Sherbakoff Group LLC bought a new stake in HF Sinclair during the fourth quarter valued at about $36,000. Fairway Wealth LLC purchased a new position in shares of HF Sinclair in the first quarter valued at about $41,000. Finally, State of Wyoming purchased a new position in shares of HF Sinclair in the second quarter valued at about $41,000. 88.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HF Sinclair

In other news, 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 sale, the senior vice president owned 42,561 shares of the company's stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rhoman Hardy bought 1,508 shares of HF Sinclair stock in a transaction on Tuesday, June 16th. The stock was acquired at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the purchase, the director owned 15,037 shares of the company's stock, valued at approximately $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

DINO has been the subject of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $114.00 price objective on shares of HF Sinclair in a research note on Wednesday, July 29th. Wall Street Zen raised HF Sinclair from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Wells Fargo & Company upped their price target on HF Sinclair from $67.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Barclays increased their price objective on shares of HF Sinclair from $81.00 to $86.00 and gave the company an "equal weight" rating in a report on Wednesday, July 29th. Finally, TD Cowen boosted their target price on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a "hold" rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, HF Sinclair currently has an average rating of "Moderate Buy" and an average target price of $83.42.

HF Sinclair Stock Down 0.5%

NYSE DINO opened at $105.62 on Friday. The stock has a 50 day moving average price of $88.36 and a 200-day moving average price of $71.72. HF Sinclair Corporation has a one year low of $45.71 and a one year high of $108.25. 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 capitalization of $18.78 billion, a P/E ratio of 10.08 and a beta of 0.71.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping 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 company had revenue of $10.39 billion for the quarter, compared to analysts' expectations of $8.68 billion. During the same quarter in the previous year, the business posted $1.10 earnings per share. HF Sinclair's quarterly revenue was up 53.2% on a year-over-year basis. As a group, equities analysts predict 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 was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 11th. This is a positive change from HF Sinclair's previous quarterly dividend of $0.50. HF Sinclair's dividend payout ratio is 20.04%.

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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