Navellier & Associates Inc. Purchases New Shares in HF Sinclair Corporation $DINO

Key Points

• Navellier & Associates acquired 27,030 shares of HF Sinclair, valued at approximately $1.88 million, adding to substantial institutional ownership of 88.29%.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and an average price target of $81.25, while several firms recently raised their targets.
• HF Sinclair reported quarterly earnings of $5.31 per share, exceeding estimates, as revenue increased 53.2% year over year. The company also raised its quarterly dividend to $0.525 per share, or $2.10 annually.

Navellier & Associates Inc. acquired a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,030 shares of the company's stock, valued at approximately $1,883,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Virtus Investment Advisers LLC lifted its holdings in HF Sinclair by 5.9% in 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. boosted its position in shares of HF Sinclair by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company's stock valued at $267,000 after purchasing an additional 210 shares in the last quarter. Parallel Advisors LLC grew its stake in HF Sinclair by 4.9% in the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company's stock worth $220,000 after purchasing an additional 221 shares during the period. Blue Trust Inc. grew its stake in HF Sinclair by 4.7% in the first 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 period. Finally, Unison Advisors LLC raised its holdings in HF Sinclair by 1.0% in the first quarter. Unison Advisors LLC now owns 23,549 shares of the company's stock worth $1,469,000 after purchasing an additional 234 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DINO. Barclays upped their target price 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. Mizuho upped their price objective on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Wall Street Zen raised shares of HF Sinclair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. TD Cowen lifted their target price on shares of HF Sinclair from $79.00 to $98.00 and gave the company a "hold" rating in a report on Tuesday, July 21st. Finally, Weiss Ratings raised HF Sinclair from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $81.25.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The stock was 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 $1,209,127.87. This represents a 3.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rhoman J. Hardy acquired 1,508 shares of the business's stock in a transaction on Tuesday, June 16th. The shares were bought at an average cost of $66.32 per share, with a total value of $100,010.56. Following the completion of the acquisition, the director owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.26% of the company's stock.

HF Sinclair Price Performance

NYSE DINO opened at $99.90 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $100.13. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of 9.53 and a beta of 0.70. The company's 50 day moving average is $84.56 and its two-hundred day moving average is $70.10.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share 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 business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.68 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The company's revenue was up 53.2% on a year-over-year basis. As a group, research analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.1%. This is a positive change from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair's dividend payout ratio is currently 20.04%.

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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