Corient Private Wealth LP Makes New Investment in HF Sinclair Corporation $DINO

Key Points

• Corient Private Wealth initiated a position in HF Sinclair, purchasing 13,112 shares valued at approximately $913,000. Institutional investors collectively own 88.29% of the company.
• HF Sinclair reported quarterly earnings of $5.31 per share, exceeding estimates by $0.82, while revenue rose 53.2% year over year to $10.39 billion.
• The company increased its quarterly dividend to $0.525 per share, representing an annualized payout of $2.10 and a 2.0% yield. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $83.42.

Corient Private Wealth LP bought a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,112 shares of the company's stock, valued at approximately $913,000.

Several other institutional investors and hedge funds have also made changes to their positions in DINO. Virtus Investment Advisers LLC grew its stake in HF Sinclair by 5.9% during the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company's stock worth $161,000 after buying an additional 195 shares during the last quarter. Parallel Advisors LLC increased its position in HF Sinclair by 4.9% during the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company's stock worth $220,000 after buying an additional 221 shares during the period. Blue Trust Inc. lifted its stake in HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company's stock valued at $319,000 after buying an additional 228 shares during the last quarter. Unison Advisors LLC lifted its stake in HF Sinclair by 1.0% in the first quarter. Unison Advisors LLC now owns 23,549 shares of the company's stock valued at $1,469,000 after buying an additional 234 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of HF Sinclair by 31.2% in the second quarter. Versant Capital Management Inc now owns 985 shares of the company's stock valued at $69,000 after acquiring an additional 234 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Down 0.5%

Shares of NYSE:DINO opened at $105.62 on Friday. The company has a market cap of $18.78 billion, a price-to-earnings ratio of 10.08 and a beta of 0.71. The firm's 50-day simple moving average is $88.36 and its 200-day simple moving average is $71.72. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a fifty-two week low of $45.71 and a fifty-two week high of $108.25.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.82. The firm had revenue of $10.39 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.10 earnings per share. As a group, equities research analysts predict that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were paid a dividend of $0.525 per share. This is a positive change from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.0%. HF Sinclair's dividend payout ratio (DPR) is currently 20.04%.

Insider Activity at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares of the company's stock, valued at $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 is available at this link. Also, Director Rhoman J. Hardy acquired 1,508 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the acquisition, the director directly owned 15,037 shares of the company's stock, valued at $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. 0.26% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of research reports. Evercore began coverage on shares of HF Sinclair in a research report on Friday, July 17th. They set an "in-line" rating and a $85.00 target price on the stock. Weiss Ratings upgraded shares of HF Sinclair from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 4th. Wells Fargo & Company increased their price target on shares of HF Sinclair from $67.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Morgan Stanley raised their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, June 12th. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $114.00 price objective on shares of HF Sinclair in a research note on Wednesday, July 29th. Two research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $83.42.

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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