44,673 Shares in HF Sinclair Corporation $DINO Bought by Range Financial Group LLC

Range Financial Group LLC purchased a new stake in shares of HF Sinclair Corporation (NYSE:DINO) in the 1st quarter, Holdings Channel reports. The fund purchased 44,673 shares of the company’s stock, valued at approximately $2,787,000.

Several other institutional investors have also recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in shares of HF Sinclair during the 4th quarter valued at $26,000. REAP Financial Group LLC bought a new position in HF Sinclair in the 4th quarter worth $29,000. Nalls Sherbakoff Group LLC purchased a new position in HF Sinclair during the fourth quarter valued at $36,000. State of Wyoming purchased a new position in HF Sinclair during the second quarter valued at $41,000. Finally, Fairway Wealth LLC bought a new stake in HF Sinclair during the first quarter valued at about $41,000. Institutional investors own 88.29% of the company’s stock.

Insider Activity

In other news, Director Rhoman J. Hardy bought 1,508 shares of HF Sinclair stock in a transaction dated Tuesday, June 16th. The shares were purchased 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 of the company’s stock, valued at $997,253.84. This trade represents a 11.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vivek Garg sold 717 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the completion of the sale, the chief financial officer owned 11,475 shares in the company, valued at $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. Over the last quarter, insiders have sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

DINO stock opened at $77.52 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. The company’s fifty day moving average price is $70.18 and its 200-day moving average price is $60.05. HF Sinclair Corporation has a one year low of $42.16 and a one year high of $78.79. The company has a market capitalization of $13.98 billion, a PE ratio of 11.66 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last posted its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.75. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. HF Sinclair’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the company posted ($0.27) earnings per share. On average, equities analysts anticipate that HF Sinclair Corporation will post 9.46 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were given a dividend of $0.50 per share. The ex-dividend date was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. HF Sinclair’s dividend payout ratio (DPR) is presently 30.08%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DINO. Morgan Stanley raised 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. The Goldman Sachs Group reissued a “buy” rating and issued a $81.00 target price on shares of HF Sinclair in a report on Wednesday, May 6th. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings raised shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, TD Cowen dropped their price target on shares of HF Sinclair from $80.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.55.

HF Sinclair Company 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.