NFJ Investment Group LLC Invests $97.42 Million in HF Sinclair Corporation $DINO

NFJ Investment Group LLC bought a new stake in HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,398,736 shares of the company’s stock, valued at approximately $97,422,000. HF Sinclair comprises approximately 3.3% of NFJ Investment Group LLC’s investment portfolio, making the stock its biggest position. NFJ Investment Group LLC owned about 0.79% of HF Sinclair as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In other news, Director Manuel J. Fernandez sold 635 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the sale, the director directly owned 16,543 shares in the company, valued at $1,209,127.87. This trade represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the sale, the senior vice president directly owned 14,797 shares in the company, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,955 shares of company stock valued at $968,455 in the last 90 days. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DINO. Weiss Ratings raised HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Freedom Capital lowered HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Barclays boosted their target price on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Evercore began coverage on shares of HF Sinclair in a research report on Friday, July 17th. They set an “in-line” rating and a $85.00 target price for the company. Finally, Raymond James Financial set a $105.00 price target on shares of HF Sinclair in a research report on Wednesday, July 29th. Two equities research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $81.25.

HF Sinclair Price Performance

DINO stock opened at $92.60 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. HF Sinclair Corporation has a 1 year low of $45.42 and a 1 year high of $96.76. The firm has a market cap of $16.46 billion, a P/E ratio of 8.84 and a beta of 0.70. The stock has a 50-day simple moving average of $80.95 and a 200-day simple moving average of $68.47.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same period in the previous year, the company posted $1.10 EPS. HF Sinclair’s revenue for the quarter was up 53.2% on a year-over-year basis. On average, equities analysts predict that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors 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 yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

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.