Hillsdale Investment Management Inc. Purchases 63,900 Shares of HF Sinclair Corporation $DINO

Hillsdale Investment Management Inc. increased its position in HF Sinclair Corporation (NYSE:DINO) by 317.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,000 shares of the company’s stock after purchasing an additional 63,900 shares during the period. Hillsdale Investment Management Inc.’s holdings in HF Sinclair were worth $3,871,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Convergence Investment Partners LLC bought a new position in HF Sinclair in the 3rd quarter worth about $1,408,000. Citigroup Inc. boosted its stake in HF Sinclair by 41.4% in the 3rd quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock worth $23,298,000 after purchasing an additional 130,338 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in HF Sinclair in the 4th quarter worth about $6,194,000. Dimensional Fund Advisors LP lifted its stake in HF Sinclair by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after acquiring an additional 560,194 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its stake in HF Sinclair by 498.2% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 51,094 shares of the company’s stock valued at $2,674,000 after acquiring an additional 42,552 shares during the period. Institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DINO. BMO Capital Markets lowered their target price on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Argus upgraded shares of HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. Morgan Stanley set a $69.00 target price on shares of HF Sinclair in a research note on Monday, May 4th. Scotiabank upped their target price on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company upped their target price on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.82.

Insider Transactions 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 shares were sold at an average price of $69.05, for a total value of $690,500.00. Following the transaction, the executive vice president owned 43,098 shares in the company, valued at $2,975,916.90. This represents a 18.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Vivek Garg sold 717 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the transaction, the chief financial officer owned 11,475 shares in the company, valued at $824,937.75. This trade represents a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,101 shares of company stock worth $908,281 in the last quarter. Company insiders own 0.26% of the company’s stock.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $69.99 on Monday. The firm’s 50 day moving average price is $64.29 and its 200-day moving average price is $56.24. HF Sinclair Corporation has a twelve month low of $35.10 and a twelve month high of $74.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $12.62 billion, a PE ratio of 10.52 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the business earned ($0.27) EPS. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts expect that HF Sinclair Corporation will post 8.7 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, May 11th. HF Sinclair’s dividend payout ratio is 30.08%.

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.