Commerce Bank Makes New $2.36 Million Investment in HF Sinclair Corporation $DINO

Key Points

• Commerce Bank bought 33,911 HF Sinclair shares worth approximately $2.36 million in the second quarter, while institutional investors and hedge funds collectively own 88.29% of the stock.
• HF Sinclair reported quarterly EPS of $5.31, beating estimates by $0.82, as revenue rose 53.2% year over year to $10.39 billion. The company also increased its quarterly dividend to $0.525 per share, representing a 2.2% annualized yield.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and a $81.25 average price target, although shares recently traded at $95.12—above that consensus target.

Commerce Bank purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 33,911 shares of the company's stock, valued at approximately $2,362,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DINO. Clearstead Trust LLC acquired a new position in HF Sinclair during the second quarter worth $33,000. REAP Financial Group LLC acquired a new stake in HF Sinclair in the 4th quarter valued at $29,000. Fairway Wealth LLC acquired a new stake in HF Sinclair in the 1st quarter valued at $41,000. Nalls Sherbakoff Group LLC bought a new stake in HF Sinclair during the 4th quarter worth about $36,000. Finally, Main Street Group LTD bought a new stake in HF Sinclair during the 1st quarter worth about $54,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HF Sinclair news, Director Rhoman J. Hardy acquired 1,508 shares of the company's stock in a transaction on Tuesday, June 16th. The shares were purchased at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the purchase, the director directly owned 15,037 shares of the company's stock, valued at approximately $997,253.84. This represents a 11.15% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 42,561 shares of the company's stock, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.26% of the stock is currently owned by corporate insiders.

HF Sinclair Stock Performance

Shares of DINO stock opened at $95.12 on Tuesday. The stock has a market cap of $16.91 billion, a P/E ratio of 9.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The company has a fifty day moving average price of $82.04 and a two-hundred day moving average price of $69.08. HF Sinclair Corporation has a one year low of $45.71 and a one year high of $98.39.

HF Sinclair (NYSE:DINO - Get Free Report) last announced 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 company had revenue of $10.39 billion during 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 company's quarterly revenue was up 53.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. As a group, equities analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, August 11th. This is an increase from HF Sinclair's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 2.2%. HF Sinclair's dividend payout ratio is 20.04%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DINO. Raymond James Financial set a $105.00 price objective on HF Sinclair in a report on Wednesday, July 29th. Weiss Ratings upgraded HF Sinclair from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. The Goldman Sachs Group reissued a "buy" rating and set a $114.00 price target on shares of HF Sinclair in a research report on Wednesday, July 29th. Mizuho increased their price target on HF Sinclair from $79.00 to $85.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. Finally, Barclays raised their price target on HF Sinclair from $81.00 to $86.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $81.25.

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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