Nicholas Investment Partners LP Invests $2.94 Million in HF Sinclair Corporation $DINO

Nicholas Investment Partners LP 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 42,150 shares of the company's stock, valued at approximately $2,936,000.

Several other institutional investors also recently bought and sold shares of the business. REAP Financial Group LLC bought a new position in HF Sinclair in the fourth quarter worth approximately $29,000. Clearstead Trust LLC bought a new stake in HF Sinclair during the 2nd quarter valued at $33,000. Nalls Sherbakoff Group LLC purchased a new position in shares of HF Sinclair in the 4th quarter valued at $36,000. Fairway Wealth LLC purchased a new position in shares of HF Sinclair in the 1st quarter valued at $41,000. Finally, State of Wyoming bought a new position in shares of HF Sinclair in the 2nd quarter worth $41,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on DINO. Zacks Research upgraded HF Sinclair from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Wall Street Zen upgraded HF Sinclair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. Mizuho increased their price target on shares of HF Sinclair from $79.00 to $85.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. TD Cowen raised their price target 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, Raymond James Financial set a $105.00 price target on shares of HF Sinclair in a report on Wednesday, July 29th. Two 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $81.25.

Insider Activity

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy acquired 1,508 shares of the business's stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the acquisition, the director directly owned 15,037 shares of the company's stock, valued at approximately $997,253.84. This trade represents a 11.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.26% of the company's stock.

HF Sinclair Stock Down 2.3%

Shares of DINO stock opened at $95.12 on Tuesday. The stock's fifty day moving average price is $82.04 and its 200 day moving average price is $69.08. HF Sinclair Corporation has a 1-year low of $45.71 and a 1-year high of $98.39. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 9.08 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

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

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost 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 presently 20.04%.

HF Sinclair 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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