Focus Partners Advisor Solutions LLC Buys Shares of 12,577 HF Sinclair Corporation $DINO

Focus Partners Advisor Solutions LLC bought a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,577 shares of the company's stock, valued at approximately $876,000.

A number of other large investors have also recently made changes to their positions in DINO. Clearstead Trust LLC bought a new stake in shares of HF Sinclair during the 2nd quarter valued at $33,000. REAP Financial Group LLC bought a new position in HF Sinclair in the 4th quarter worth about $29,000. Fairway Wealth LLC bought a new position in HF Sinclair in the 1st quarter worth about $41,000. Nalls Sherbakoff Group LLC purchased a new position in HF Sinclair during the 4th quarter valued at about $36,000. Finally, Main Street Group LTD purchased a new position in HF Sinclair during the 1st quarter valued at about $54,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Performance

NYSE:DINO opened at $94.88 on Tuesday. The stock has a market cap of $16.87 billion, a P/E ratio of 9.05 and a beta of 0.70. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The business's 50-day moving average price is $79.50 and its two-hundred day moving average price is $67.56. HF Sinclair Corporation has a twelve month low of $44.22 and a twelve month high of $95.59.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. The company had revenue of $10.39 billion during the quarter, compared to analyst estimates 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 was up 53.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 earnings per share. As a group, equities analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

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

Insider Activity at HF Sinclair

In other news, SVP Matthew Joyce sold 2,384 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the transaction, the senior vice president owned 14,797 shares of the company's stock, valued at $1,031,794.81. This represents a 13.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Dale Kunneman sold 8,936 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold 11,955 shares of company stock worth $968,455 in the last 90 days. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of recent analyst reports. Scotiabank increased their price target on shares of HF Sinclair from $53.00 to $54.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 22nd. TD Cowen boosted their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a "hold" rating in a research note on Tuesday, July 21st. Mizuho upped their target price on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Barclays increased their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised shares of HF Sinclair from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, HF Sinclair currently has an average rating of "Moderate Buy" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source