Legal & General Group Plc Invests $16 Million in HF Sinclair Corporation $DINO

Key Points

• Legal & General Group Plc acquired 229,696 HF Sinclair shares during the second quarter, worth approximately $16 million and representing about 0.13% of the company. Institutional investors collectively own 88.29% of DINO.
• HF Sinclair reported strong quarterly results, with EPS of $5.31 beating estimates by $0.82 and revenue rising 53.2% year over year to $10.39 billion. Shares opened at $99.90, near their 52-week high of $100.13.
• The company raised its quarterly dividend to $0.525 per share, or $2.10 annually, producing a 2.1% yield. Analysts maintain a “Moderate Buy” consensus, though their average target price of $81.25 is below the current share price.

Legal & General Group Plc acquired a new stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 229,696 shares of the company's stock, valued at approximately $15,998,000. Legal & General Group Plc owned approximately 0.13% of HF Sinclair as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DINO. Virtus Investment Advisers LLC lifted its holdings in HF Sinclair by 5.9% during the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company's stock worth $161,000 after buying an additional 195 shares during the period. D.A. Davidson & CO. increased its holdings in shares of HF Sinclair by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company's stock valued at $267,000 after acquiring an additional 210 shares during the period. Parallel Advisors LLC raised its position in shares of HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company's stock worth $220,000 after acquiring an additional 221 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of HF Sinclair by 4.7% during the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company's stock worth $319,000 after purchasing an additional 228 shares during the last quarter. Finally, Unison Advisors LLC lifted its stake in shares of HF Sinclair by 1.0% during the 1st quarter. Unison Advisors LLC now owns 23,549 shares of the company's stock worth $1,469,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

HF Sinclair Price Performance

Shares of DINO stock opened at $99.90 on Monday. HF Sinclair Corporation has a fifty-two week low of $45.71 and a fifty-two week high of $100.13. The firm has a market capitalization of $17.76 billion, a price-to-earnings ratio of 9.53 and a beta of 0.70. 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 stock's 50-day simple moving average is $84.56 and its 200-day simple moving average is $70.18.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. HF Sinclair's revenue was up 53.2% on a year-over-year basis. During the same period last year, the firm posted $1.10 EPS. As a group, equities analysts forecast that HF Sinclair Corporation will post 11.85 earnings per share 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 dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, August 11th. This is a positive change from HF Sinclair's previous quarterly dividend of $0.50. HF Sinclair's dividend payout ratio (DPR) is currently 20.04%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DINO. Morgan Stanley lifted their target price on HF Sinclair from $69.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, June 12th. Barclays lifted their price objective on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. Freedom Capital downgraded shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Evercore began coverage on shares of HF Sinclair in a report on Friday, July 17th. They issued an "in-line" rating and a $85.00 price target on the stock. Finally, Wall Street Zen raised HF Sinclair from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $81.25.

Insiders Place Their Bets

In other news, SVP Dale Kunneman sold 8,936 shares of the business'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 directly owned 42,561 shares of the company's stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the company's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the transaction, the director directly owned 16,543 shares in the company, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.26% of the company's stock.

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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