Hara Capital LLC Invests $3.94 Million in HF Sinclair Corporation $DINO

Key Points

• Hara Capital initiated a $3.94 million position in HF Sinclair, purchasing 56,510 shares that represent about 2.1% of its portfolio. Institutional investors collectively own 88.29% of DINO.
• HF Sinclair reported strong quarterly results, with adjusted earnings of $5.31 per share and revenue of $10.39 billion, exceeding analyst estimates and rising 53.2% year over year.
• The company raised its quarterly dividend to $0.525 per share, or $2.10 annually, implying a 2.3% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $81.25.

Hara Capital LLC bought a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 56,510 shares of the company's stock, valued at approximately $3,936,000. HF Sinclair comprises about 2.1% of Hara Capital LLC's investment portfolio, making the stock its 11th largest position.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of HF Sinclair in the 2nd quarter valued at about $1,291,602,000. Vanguard Group Inc. increased its stake in HF Sinclair by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company's stock valued at $775,556,000 after purchasing an additional 446,867 shares during the period. Dimensional Fund Advisors LP raised its stake in HF Sinclair by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company's stock valued at $577,114,000 after acquiring an additional 103,135 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of HF Sinclair by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company's stock worth $293,260,000 after purchasing an additional 48,103 shares during the last quarter. Finally, State Street Corp raised its position in HF Sinclair by 0.4% during the 4th quarter. State Street Corp now owns 6,142,078 shares of the company's stock worth $283,027,000 after buying an additional 22,150 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

Shares of DINO stock opened at $92.60 on Friday. The firm has a market capitalization of $16.46 billion, a price-to-earnings ratio of 8.84 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 12-month low of $45.42 and a 12-month high of $96.76. The business has a 50 day simple moving average of $80.95 and a 200 day simple moving average of $68.47.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion for the quarter, compared to analysts' expectations of $8.68 billion. During the same quarter in the previous year, the company earned $1.10 earnings per share. The firm's quarterly revenue was up 53.2% compared to the same quarter last year. On average, equities research analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be issued a $0.525 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.3%. 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%.

Insider Activity at HF Sinclair

In related news, SVP Matthew Joyce sold 2,384 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the sale, the senior vice president directly owned 14,797 shares in the company, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Manuel J. Fernandez sold 635 shares of the business's stock in a transaction on 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 directly owned 16,543 shares of the company's stock, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,955 shares of company stock worth $968,455 in the last 90 days. 0.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Mizuho boosted their price objective 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. Evercore started coverage on shares of HF Sinclair in a report on Friday, July 17th. They issued an "in-line" rating and a $85.00 target price on the stock. The Goldman Sachs Group restated a "buy" rating and set a $114.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. Barclays boosted their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the company an "equal weight" rating in a report on Wednesday, July 29th. Finally, Morgan Stanley upped their price target on HF Sinclair from $69.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, June 12th. Two equities 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $81.25.

About HF Sinclair

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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