Engineers Gate Manager LP Purchases 338,345 Shares of HF Sinclair Corporation $DINO

Engineers Gate Manager LP raised its position in HF Sinclair Corporation (NYSE:DINO) by 164.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 544,252 shares of the company’s stock after buying an additional 338,345 shares during the quarter. Engineers Gate Manager LP’s holdings in HF Sinclair were worth $25,079,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DINO. Goldman Sachs Group Inc. boosted its position in HF Sinclair by 14.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after buying an additional 119,832 shares during the last quarter. Focus Partners Wealth boosted its position in shares of HF Sinclair by 71.7% in the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after purchasing an additional 8,102 shares during the last quarter. Amundi boosted its position in shares of HF Sinclair by 7.7% in the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after purchasing an additional 12,387 shares during the last quarter. Jump Financial LLC bought a new position in shares of HF Sinclair in the 2nd quarter worth $209,000. Finally, Cerity Partners LLC boosted its position in shares of HF Sinclair by 25.7% in the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after purchasing an additional 29,635 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DINO has been the topic of several recent research reports. Weiss Ratings upgraded HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and issued a $81.00 price target on shares of HF Sinclair in a research report on Wednesday, May 6th. Zacks Research lowered HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, TD Cowen raised their price target on HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. One 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’s stock. According to MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average price target of $71.64.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Rhoman J. Hardy acquired 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, with a total value of $100,010.56. Following the purchase, the director owned 15,037 shares of the company’s stock, valued at $997,253.84. This represents a 11.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the sale, the chief financial officer directly owned 11,475 shares in the company, valued at $824,937.75. The trade was a 5.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,736 shares of company stock worth $954,694 in the last three months. 0.26% of the stock is owned by insiders.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $65.91 on Thursday. The company has a market capitalization of $11.88 billion, a PE ratio of 9.91 and a beta of 0.72. HF Sinclair Corporation has a 12 month low of $40.09 and a 12 month high of $74.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The stock’s fifty day simple moving average is $66.61 and its 200 day simple moving average is $57.75.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.27) EPS. On average, research analysts predict that HF Sinclair Corporation will post 8.99 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is presently 30.08%.

HF Sinclair 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.