HF Sinclair Corporation $DINO Shares Sold by Oak Thistle LLC

Key Points

• Oak Thistle LLC reduced its HF Sinclair stake by 62.5% in Q4, selling 45,523 shares and retaining 27,316 shares valued at $1.259 million; institutional investors now own 88.29% of the stock.
• Analysts are mixed — MarketBeat shows an average rating of Hold with an average price target of $61 (breakdown: 1 Strong Buy, 6 Buy, 7 Hold, 1 Sell), and several firms recently revised targets (e.g., Barclays to $51, Mizuho to $69).
• HF Sinclair beat Q4 estimates with EPS of $1.20 (vs. $0.83 est.) and revenue of $6.46B, and it pays a quarterly dividend of $0.50 (annualized $2.00, ~3.5% yield).

Oak Thistle LLC cut its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 62.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,316 shares of the company's stock after selling 45,523 shares during the period. Oak Thistle LLC's holdings in HF Sinclair were worth $1,259,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raleigh Capital Management Inc. boosted its position in shares of HF Sinclair by 204,100.0% during the fourth quarter. Raleigh Capital Management Inc. now owns 2,042 shares of the company's stock worth $94,000 after buying an additional 2,041 shares during the period. Unison Advisors LLC boosted its position in shares of HF Sinclair by 0.9% during the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company's stock worth $1,074,000 after buying an additional 218 shares during the period. Stratos Wealth Partners LTD. boosted its position in shares of HF Sinclair by 2.9% during the fourth quarter. Stratos Wealth Partners LTD. now owns 21,440 shares of the company's stock worth $988,000 after buying an additional 601 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of HF Sinclair by 155.8% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,312 shares of the company's stock worth $107,000 after buying an additional 1,408 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of HF Sinclair by 112.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 25,703 shares of the company's stock worth $1,204,000 after buying an additional 13,599 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays reduced their price objective on HF Sinclair from $54.00 to $51.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 13th. Wall Street Zen upgraded HF Sinclair from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 4th. BMO Capital Markets cut their target price on HF Sinclair from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, February 23rd. Mizuho upped their target price on HF Sinclair from $63.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 17th. Finally, TD Cowen upped their target price on HF Sinclair from $44.00 to $50.00 and gave the stock a "hold" rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $61.00.

HF Sinclair Stock Performance

DINO opened at $56.37 on Friday. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 18.36 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. HF Sinclair Corporation has a 1-year low of $25.89 and a 1-year high of $64.70. The business has a 50 day moving average price of $56.84 and a two-hundred day moving average price of $53.09.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.37. The firm had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.02) earnings per share. Research analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, March 2nd. HF Sinclair's dividend payout ratio is 65.15%.

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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