BlackRock Inc. Makes New $1.29 Billion Investment in HF Sinclair Corporation $DINO

BlackRock Inc. bought a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,544,173 shares of the company's stock, valued at approximately $1,291,602,000. BlackRock Inc. owned 10.43% of HF Sinclair at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Virtus Investment Advisers LLC raised its stake in shares of HF Sinclair by 5.9% during the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company's stock valued at $161,000 after purchasing an additional 195 shares during the period. D.A. Davidson & CO. boosted its stake in shares of HF Sinclair by 3.8% in the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company's stock valued at $267,000 after purchasing an additional 210 shares during the period. Parallel Advisors LLC grew its holdings in HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company's stock valued at $220,000 after purchasing an additional 221 shares in the last quarter. Blue Trust Inc. grew its holdings in HF Sinclair by 4.7% during the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company's stock valued at $319,000 after purchasing an additional 228 shares in the last quarter. Finally, Unison Advisors LLC increased its stake in HF Sinclair by 1.0% during the 1st quarter. Unison Advisors LLC now owns 23,549 shares of the company's stock worth $1,469,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DINO. The Goldman Sachs Group reiterated a "buy" rating and issued a $114.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. Zacks Research raised HF Sinclair from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Wall Street Zen raised HF Sinclair from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Freedom Capital cut HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised HF Sinclair from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, HF Sinclair presently has a consensus rating of "Moderate Buy" and an average target price of $81.25.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the business's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the sale, the director owned 16,543 shares in the company, valued at $1,209,127.87. The trade was a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Rhoman J. Hardy purchased 1,508 shares of HF Sinclair stock in a transaction dated 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 completion of the transaction, the director owned 15,037 shares in the company, valued at approximately $997,253.84. The trade was a 11.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders sold 11,955 shares of company stock worth $968,455. Company insiders own 0.26% of the company's stock.

HF Sinclair Stock Down 2.1%

NYSE:DINO opened at $92.60 on Friday. The company has a market capitalization of $16.46 billion, a price-to-earnings ratio of 8.84 and a beta of 0.70. HF Sinclair Corporation has a one year low of $45.42 and a one year high of $96.76. The stock has a 50-day simple moving average of $80.95 and a 200 day simple moving average of $68.47. 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 announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. The firm had revenue of $10.39 billion for 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%.HF Sinclair's revenue for the quarter was up 53.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Sell-side analysts predict that HF Sinclair Corporation will post 11.85 EPS 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. Investors of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.3%. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. HF Sinclair's dividend payout ratio (DPR) is 20.04%.

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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