Deutsche Bank AG Acquires Shares of 639,782 HF Sinclair Corporation $DINO

Key Points

• Deutsche Bank acquired 639,782 shares of HF Sinclair in the second quarter, worth approximately $44.6 million and representing about 0.36% of the company. Institutional investors collectively own 88.29% of DINO.
• HF Sinclair reported strong quarterly results, with earnings of $5.31 per share beating estimates of $4.49 and revenue rising 53.2% year over year to $10.39 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $81.25.
• The company raised its quarterly dividend to $0.525 per share, or $2.10 annually, implying a 2.2% yield. Shares opened at $97.13, near their 52-week high of $97.63, while insiders sold 11,955 shares worth about $968,455 over the past quarter.

Deutsche Bank AG acquired a new stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 639,782 shares of the company's stock, valued at approximately $44,561,000. Deutsche Bank AG owned approximately 0.36% of HF Sinclair as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DINO. Virtus Investment Advisers LLC boosted its stake in 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 buying an additional 195 shares during the last quarter. D.A. Davidson & CO. grew its holdings 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 in the last quarter. Parallel Advisors LLC grew its holdings in shares of HF Sinclair by 4.9% in the fourth 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. increased its position in HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company's stock worth $319,000 after purchasing an additional 228 shares during the last quarter. Finally, Unison Advisors LLC raised its stake in HF Sinclair by 1.0% during the first quarter. Unison Advisors LLC now owns 23,549 shares of the company's stock valued at $1,469,000 after purchasing an additional 234 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Insider Transactions at HF Sinclair

In other news, SVP Dale Kunneman sold 8,936 shares of the firm'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 in the company, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the transaction, the director owned 16,543 shares in the company, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,955 shares of company stock worth $968,455 over the last quarter. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. TD Cowen lifted their price objective 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. Zacks Research raised shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Morgan Stanley upped their price objective on HF Sinclair from $69.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, June 12th. Wall Street Zen raised HF Sinclair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. Finally, Evercore initiated coverage on HF Sinclair in a report on Friday, July 17th. They issued an "in-line" rating and a $85.00 target price for the company. Two 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $81.25.

HF Sinclair Trading Up 4.8%

Shares of DINO opened at $97.13 on Friday. The firm has a market capitalization of $17.27 billion, a price-to-earnings ratio of 9.27 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. HF Sinclair Corporation has a 1-year low of $45.71 and a 1-year high of $97.63. The company has a 50-day moving average of $81.48 and a 200 day moving average of $68.67.

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, topping analysts' consensus estimates of $4.49 by $0.82. The business 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 company's revenue for the quarter was up 53.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. On average, research analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is 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 currently 20.04%.

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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