J. Goldman & Co LP Acquires New Stake in HF Sinclair Corporation $DINO

Key Points

• J. Goldman & Co. LP acquired a new 16,000-share stake in HF Sinclair during the second quarter, valued at approximately $1.1 million. Institutional investors and hedge funds collectively own 88.29% of the company.
• HF Sinclair reported a strong quarter, with EPS of $5.31 versus the $4.49 consensus and revenue of $10.39 billion, up 53.2% year over year. The company also increased its quarterly dividend to $0.525 per share, implying a 2.2% annual yield.
• DINO shares opened at $96.77, near their 12-month high of $98.39. Analysts maintain a “Moderate Buy” consensus, with an average price target of $81.25, while insider activity was mixed: a director bought shares and a senior vice president sold stock.

J. Goldman & Co LP 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 16,000 shares of the company's stock, valued at approximately $1,114,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new stake in shares of HF Sinclair in the 2nd quarter worth $33,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at $29,000. Fairway Wealth LLC bought a new position in HF Sinclair during the first quarter valued at about $41,000. Nalls Sherbakoff Group LLC bought a new position in HF Sinclair during the fourth quarter valued at about $36,000. Finally, Main Street Group LTD acquired a new position in HF Sinclair during the first quarter worth about $54,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Rhoman J. Hardy purchased 1,508 shares of HF Sinclair stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of $66.32 per share, with a total value of $100,010.56. Following the completion of the transaction, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president owned 42,561 shares of the company's stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.26% of the company's stock.

HF Sinclair Price Performance

DINO opened at $96.77 on Thursday. The stock has a fifty day moving average of $83.19 and a 200-day moving average of $69.62. The firm has a market capitalization of $17.20 billion, a P/E ratio of 9.23 and a beta of 0.70. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $98.39. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27.

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 the consensus estimate of $4.49 by $0.82. The business had revenue of $10.39 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share. Equities analysts forecast that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders 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 yield of 2.2%. The ex-dividend date is Tuesday, August 11th. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. HF Sinclair's dividend payout ratio is 20.04%.

Analyst Upgrades and Downgrades

Several brokerages have commented on DINO. UBS Group boosted their price target on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of HF Sinclair from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Mizuho raised their price objective on HF Sinclair from $79.00 to $85.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 4th. TD Cowen lifted their target price on HF Sinclair from $79.00 to $98.00 and gave the stock a "hold" rating in a report on Tuesday, July 21st. Finally, Freedom Capital cut HF Sinclair from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, HF Sinclair currently has an average rating of "Moderate Buy" and a consensus 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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