8,869 Shares in HF Sinclair Corporation $DINO Acquired by Sierra Summit Advisors LLC

Sierra Summit Advisors LLC purchased a new stake in HF Sinclair Corporation (NYSE:DINO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 8,869 shares of the company’s stock, valued at approximately $553,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kingsview Wealth Management LLC increased its holdings in HF Sinclair by 1,451.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock valued at $2,827,000 after purchasing an additional 57,391 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of HF Sinclair during the fourth quarter worth about $6,194,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of HF Sinclair during the fourth quarter worth about $1,717,000. Hillsdale Investment Management Inc. boosted its position in shares of HF Sinclair by 317.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company’s stock worth $3,871,000 after buying an additional 63,900 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of HF Sinclair by 498.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 51,094 shares of the company’s stock worth $2,674,000 after buying an additional 42,552 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on DINO shares. Freedom Capital upgraded HF Sinclair to a “hold” rating in a report on Friday, June 5th. Morgan Stanley upped their price target on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Zacks Research downgraded shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Raymond James Financial lifted their price objective on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 25th. Finally, Mizuho reissued a “neutral” rating and set a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Hold” and an average target price of $71.55.

HF Sinclair Stock Up 0.0%

Shares of HF Sinclair stock opened at $72.50 on Friday. The business has a 50-day moving average of $68.99 and a 200-day moving average of $59.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The company has a market capitalization of $13.07 billion, a PE ratio of 10.90 and a beta of 0.72. HF Sinclair Corporation has a 1-year low of $42.16 and a 1-year high of $74.72.

HF Sinclair (NYSE:DINO) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period in the previous year, the company earned ($0.27) earnings per share. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities analysts forecast that HF Sinclair Corporation will post 9.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is 30.08%.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $69.05, for a total transaction of $690,500.00. Following the completion of the transaction, the executive vice president directly owned 43,098 shares in the company, valued at approximately $2,975,916.90. This represents a 18.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction that occurred 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 transaction, the director owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This trade represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,736 shares of company stock worth $954,694 over the last ninety days. Company insiders own 0.26% of the company’s stock.

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.