State of Wyoming Makes New Investment in HF Sinclair Corporation $DINO

Key Points

• Wyoming acquired 12,337 shares of HF Sinclair in the second quarter, valued at approximately $859,000. Institutional investors collectively own 88.29% of the company.
• 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. Shares opened at $93.65, near their 52-week high of $94.22.
• The company increased its quarterly dividend from $0.50 to $0.525 per share, representing an annualized payout of $2.10 and a 2.2% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $81.25.

State of Wyoming acquired a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,337 shares of the company's stock, valued at approximately $859,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Clearstead Trust LLC acquired a new stake in HF Sinclair in the 2nd quarter valued at $33,000. REAP Financial Group LLC acquired a new position in HF Sinclair during the fourth quarter worth $29,000. Fairway Wealth LLC acquired a new position in HF Sinclair during the first quarter worth $41,000. Nalls Sherbakoff Group LLC purchased a new position in HF Sinclair during the fourth quarter valued at $36,000. Finally, Main Street Group LTD purchased a new position in HF Sinclair during the first quarter valued at $54,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DINO shares. Wall Street Zen upgraded shares of HF Sinclair from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Evercore initiated coverage on shares of HF Sinclair in a research report on Friday, July 17th. They set an "in-line" rating and a $85.00 price target for the company. Freedom Capital lowered shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Mizuho lifted their price objective on HF Sinclair from $79.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Finally, Morgan Stanley boosted their price objective on HF Sinclair from $69.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and an average price target of $81.25.

HF Sinclair Trading Up 1.9%

Shares of DINO stock opened at $93.65 on Friday. HF Sinclair Corporation has a fifty-two week low of $44.22 and a fifty-two week high of $94.22. 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 fifty day moving average is $79.05 and its two-hundred day moving average is $67.12. The firm has a market capitalization of $16.65 billion, a P/E ratio of 8.94 and a beta of 0.70.

HF Sinclair (NYSE:DINO - Get Free Report) last released its 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. The business 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%. The company's revenue for the quarter was up 53.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 earnings per share. Research analysts expect that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 annualized dividend and a yield of 2.2%. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. HF Sinclair's dividend payout ratio is currently 20.04%.

Insider Activity at HF Sinclair

In other news, SVP Dale Kunneman sold 8,936 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares in the company, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Vivek Garg sold 717 shares of the business's stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the transaction, the chief financial officer owned 11,475 shares in the company, valued at approximately $824,937.75. This represents a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,672 shares of company stock worth $1,020,000 in the last 90 days. 0.26% of the stock is owned by insiders.

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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