Bellars Harris Wealth Management LLC Purchases Shares of 112,539 HF Sinclair Corporation $DINO

Key Points

• Bellars Harris Wealth Management acquired 112,539 shares of HF Sinclair, valued at approximately $7.84 million, making up 1.6% of its portfolio. Institutional investors collectively own 88.29% of the company.
• HF Sinclair reported quarterly earnings of $5.31 per share, exceeding estimates of $4.49, while revenue rose 53.2% year over year to $10.39 billion.
• The company increased its quarterly dividend from $0.50 to $0.525 per share, equivalent to a $2.10 annualized payout and a 2.2% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $81.25.

Bellars Harris Wealth Management LLC acquired a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 112,539 shares of the company's stock, valued at approximately $7,838,000. HF Sinclair accounts for approximately 1.6% of Bellars Harris Wealth Management LLC's portfolio, making the stock its 27th biggest position. Bellars Harris Wealth Management LLC owned 0.06% of HF Sinclair as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company's stock worth $30,899,000 after purchasing an additional 119,832 shares during the period. Focus Partners Wealth increased its holdings in HF Sinclair by 71.7% in the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company's stock valued at $638,000 after buying an additional 8,102 shares during the period. Amundi increased its holdings in HF Sinclair by 7.7% in the 2nd quarter. Amundi now owns 174,199 shares of the company's stock valued at $7,588,000 after buying an additional 12,387 shares during the period. Jump Financial LLC acquired a new position in shares of HF Sinclair in the 2nd quarter valued at $209,000. Finally, Cerity Partners LLC raised its stake in shares of HF Sinclair by 25.7% in the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company's stock valued at $5,959,000 after buying an additional 29,635 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Stock Up 1.9%

Shares of NYSE DINO opened at $93.65 on Friday. The stock has a market cap of $16.65 billion, a PE ratio of 8.94 and a beta of 0.70. The business has a fifty day moving average of $79.05 and a two-hundred day moving average of $67.12. HF Sinclair Corporation has a 52-week low of $44.22 and a 52-week high of $94.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its 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. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm's revenue for the quarter was up 53.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.10 EPS. As a group, equities research analysts expect that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders 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 of this dividend is Tuesday, August 11th. HF Sinclair's payout ratio is currently 20.04%.

Insider Activity

In other news, Director Rhoman J. Hardy acquired 1,508 shares of the company's stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the acquisition, the director owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vivek Garg sold 717 shares of the firm's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the sale, the chief financial officer directly owned 11,475 shares of the company's stock, valued at approximately $824,937.75. The trade was a 5.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 12,672 shares of company stock valued at $1,020,000. Corporate insiders own 0.26% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on DINO. UBS Group raised their price objective 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. Morgan Stanley upped their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, June 12th. Weiss Ratings raised shares of HF Sinclair from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 4th. TD Cowen raised their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a "hold" rating in a research note on Tuesday, July 21st. Finally, Zacks Research raised HF Sinclair from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.25.

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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