Jupiter Topco LLC Purchases Shares of 302,131 HF Sinclair Corporation $DINO

Jupiter Topco LLC purchased a new stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 302,131 shares of the company's stock, valued at approximately $21,046,000. Jupiter Topco LLC owned about 0.17% of HF Sinclair as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of DINO. Kingsview Wealth Management LLC lifted its position in HF Sinclair by 1,451.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company's stock worth $2,827,000 after acquiring an additional 57,391 shares during the period. Jefferies Financial Group Inc. acquired a new position in HF Sinclair in the fourth quarter valued at approximately $6,194,000. BlackRock Inc. purchased a new stake in HF Sinclair during the second quarter worth $1,291,602,000. Energy Income Partners LLC purchased a new stake in shares of HF Sinclair during the 2nd quarter worth about $5,210,000. Finally, Hillsdale Investment Management Inc. boosted its position in HF Sinclair by 317.9% during the fourth quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company's stock worth $3,871,000 after purchasing an additional 63,900 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Wall Street Analysts Forecast Growth

DINO has been the topic of several recent analyst reports. Raymond James Financial set a $105.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. UBS Group boosted their price objective on HF Sinclair from $65.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Zacks Research upgraded shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Freedom Capital lowered HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Finally, Morgan Stanley increased their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $81.25.

Insider Activity at HF Sinclair

In related news, 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 completion of the transaction, the director directly owned 16,543 shares of the company's stock, valued at $1,209,127.87. The trade was a 3.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value 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. Additional details regarding this sale are available in the official SEC disclosure. 0.26% of the stock is currently owned by company insiders.

HF Sinclair Trading Up 3.0%

Shares of DINO stock opened at $99.90 on Friday. The stock has a market capitalization of $17.76 billion, a P/E ratio of 9.53 and a beta of 0.70. HF Sinclair Corporation has a fifty-two week low of $45.71 and a fifty-two week high of $100.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The company has a 50 day moving average price of $84.56 and a 200 day moving average price of $70.10.

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

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors 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%. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. HF Sinclair's dividend payout ratio (DPR) is 20.04%.

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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