Monument Capital Management Raises Stock Holdings in HF Sinclair Corporation $DINO

Key Points

• Monument Capital Management increased its HF Sinclair stake by 78.7% in the third quarter, bringing its holdings to 37,658 shares worth approximately $4.04 million. Institutional investors collectively own 88.29% of DINO shares.
• HF Sinclair reported quarterly EPS of $5.31, exceeding estimates of $4.49, while revenue rose 53.2% year over year to $10.39 billion. The company also raised its quarterly dividend to $0.525 per share, or $2.10 annually.
• DINO shares opened at $120.63, near their 52-week high of $120.83. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $97.67, although targets range as high as $127.

Monument Capital Management boosted its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 78.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,658 shares of the company's stock after purchasing an additional 16,581 shares during the period. Monument Capital Management's holdings in HF Sinclair were worth $4,041,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of HF Sinclair by 4.7% during the first quarter. Blue Trust Inc. now owns 5,109 shares of the company's stock valued at $319,000 after purchasing an additional 228 shares in the last quarter. Unison Advisors LLC increased its stake in shares of HF Sinclair by 1.0% in the first quarter. Unison Advisors LLC now owns 23,549 shares of the company's stock valued at $1,469,000 after buying an additional 234 shares during the period. Versant Capital Management Inc raised its holdings in HF Sinclair by 31.2% in the 2nd quarter. Versant Capital Management Inc now owns 985 shares of the company's stock valued at $69,000 after buying an additional 234 shares during the last quarter. Inspire Investing LLC raised its holdings in HF Sinclair by 13.1% in the 1st quarter. Inspire Investing LLC now owns 2,395 shares of the company's stock valued at $149,000 after buying an additional 277 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its position in HF Sinclair by 5.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,794 shares of the company's stock worth $404,000 after buying an additional 295 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Insider Transactions at HF Sinclair

In related 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 value of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.26% of the stock is currently owned by insiders.

HF Sinclair Stock Performance

NYSE:DINO opened at $120.63 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. HF Sinclair Corporation has a fifty-two week low of $45.71 and a fifty-two week high of $120.83. The company has a 50 day simple moving average of $101.80 and a two-hundred day simple moving average of $81.25. The company has a market capitalization of $21.45 billion, a PE ratio of 11.51 and a beta of 0.72.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The company's revenue for the quarter was up 53.2% on a year-over-year basis. Research analysts anticipate that HF Sinclair Corporation will post 18.15 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were paid a dividend of $0.5250 per share. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, August 11th. HF Sinclair's payout ratio is 20.04%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DINO shares. Evercore started coverage on shares of HF Sinclair in a research report on Friday, July 17th. They issued an "in-line" rating and a $85.00 price target for the company. The Goldman Sachs Group reiterated a "buy" rating and set a $114.00 price target on shares of HF Sinclair in a report on Wednesday, July 29th. Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $67.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 1st. Morgan Stanley increased their price objective on HF Sinclair from $78.00 to $127.00 and gave the company an "overweight" rating in a report on Monday, September 14th. Finally, Barclays increased their price objective on HF Sinclair from $81.00 to $86.00 and gave the company an "equal weight" rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $97.67.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.

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