Deutsche Bank AG Makes New $44.56 Million Investment in HF Sinclair Corporation $DINO

Deutsche Bank AG purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO) during the second quarter, Holdings Channel.com reports. The fund purchased 639,782 shares of the company’s stock, valued at approximately $44,561,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in shares of HF Sinclair in the second quarter valued at about $140,654,000. NFJ Investment Group LLC boosted its position in HF Sinclair by 1,275.3% in the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after buying an additional 1,737,318 shares during the last quarter. Invesco Ltd. increased its holdings in HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after buying an additional 994,090 shares during the period. Victory Capital Management Inc. raised its position in HF Sinclair by 101.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock worth $82,712,000 after buying an additional 903,177 shares during the last quarter. Finally, Merewether Investment Management LP purchased a new position in HF Sinclair during the 3rd quarter worth approximately $35,717,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the transaction, the senior vice president directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the sale, the director owned 16,543 shares in the company, valued at approximately $1,209,127.87. This trade represents a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,955 shares of company stock worth $968,455 over the last 90 days. 0.26% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on DINO shares. TD Cowen increased their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Morgan Stanley upped their price target on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. The Goldman Sachs Group reiterated a “buy” rating and set a $114.00 price objective on shares of HF Sinclair in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Two investment 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. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

HF Sinclair Trading Up 4.8%

DINO stock opened at $97.13 on Friday. The company’s 50-day simple moving average is $81.48 and its 200-day simple moving average is $68.67. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a 52-week low of $45.71 and a 52-week high of $97.63. The firm has a market cap of $17.27 billion, a P/E ratio of 9.27 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last issued its quarterly 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. 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 for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the prior year, the business posted $1.10 earnings per share. HF Sinclair’s revenue for the quarter was up 53.2% on a year-over-year basis. As a group, equities analysts forecast that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.2%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio is 20.04%.

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.