Empowered Funds LLC purchased a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 234,186 shares of the company's stock, valued at approximately $16,311,000. Empowered Funds LLC owned approximately 0.13% of HF Sinclair as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Clearstead Trust LLC bought a new stake in HF Sinclair in the 2nd quarter valued at approximately $33,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC acquired a new stake in shares of HF Sinclair in the first quarter valued at approximately $41,000. Nalls Sherbakoff Group LLC bought a new stake in shares of HF Sinclair in the fourth quarter worth $36,000. Finally, Main Street Group LTD bought a new stake in shares of HF Sinclair in the first quarter worth $54,000. 88.29% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on DINO. Freedom Capital cut shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Zacks Research raised HF Sinclair from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Mizuho upped their price objective on shares of HF Sinclair from $79.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, August 4th. The Goldman Sachs Group restated a "buy" rating and set a $114.00 target price on shares of HF Sinclair in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised shares of HF Sinclair from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $81.25.
View Our Latest Stock Report on DINO
Insider Buying and Selling at HF Sinclair
In related news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction on Wednesday, August 5th. The stock was 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 in the company, valued at $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rhoman J. Hardy acquired 1,508 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the purchase, the director 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. The SEC filing for this purchase provides additional information. Corporate insiders own 0.26% of the company's stock.
HF Sinclair Trading Up 3.0%
Shares of DINO stock opened at $99.90 on Friday. The stock has a market cap of $17.76 billion, a P/E ratio of 9.53 and a beta of 0.70. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $100.13. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $84.56 and a 200 day simple moving average of $70.10.
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, topping analysts' consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same period in the prior year, the company posted $1.10 earnings per share. The business's revenue for the quarter was up 53.2% on a year-over-year basis. On average, research analysts predict that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.
HF Sinclair Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, August 11th. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. HF Sinclair's payout ratio is currently 20.04%.
About HF Sinclair
(
Free Report)
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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