Kornitzer Capital Management Inc. KS Sells 8,952 Shares of HF Sinclair Corporation $DINO

Kornitzer Capital Management Inc. KS lessened its position in HF Sinclair Corporation (NYSE:DINO) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 473,012 shares of the company’s stock after selling 8,952 shares during the quarter. Kornitzer Capital Management Inc. KS owned 0.26% of HF Sinclair worth $29,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in shares of HF Sinclair by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after purchasing an additional 119,832 shares during the last quarter. Focus Partners Wealth lifted its position in 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 buying an additional 8,102 shares during the last quarter. Amundi lifted its position in 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 buying an additional 12,387 shares during the last quarter. Jump Financial LLC purchased a new stake in HF Sinclair in the second quarter worth approximately $209,000. Finally, Cerity Partners LLC boosted its stake in HF Sinclair by 25.7% in the second quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after buying an additional 29,635 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DINO shares. Mizuho reissued a “neutral” rating and set a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. UBS Group increased their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. TD Cowen decreased their target price on shares of HF Sinclair from $80.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, June 29th. Weiss Ratings raised shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Raymond James Financial upped their price target on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has an average rating of “Hold” and an average price target of $71.55.

Insiders Place Their Bets

In other news, Director Manuel J. Fernandez sold 635 shares of the 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 directly owned 16,543 shares in the company, valued at approximately $1,209,127.87. This represents a 3.70% 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 Rhoman J. Hardy bought 1,508 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was acquired at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the purchase, the director directly owned 15,037 shares of the company’s stock, valued at $997,253.84. The trade was a 11.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 13,736 shares of company stock worth $954,694. 0.26% of the stock is currently owned by insiders.

HF Sinclair Trading Up 0.5%

HF Sinclair stock traded up $0.42 during trading hours on Friday, reaching $77.94. The company had a trading volume of 1,693,032 shares, compared to its average volume of 2,277,440. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. HF Sinclair Corporation has a 12-month low of $42.16 and a 12-month high of $78.79. The company has a 50-day moving average price of $70.42 and a 200 day moving average price of $60.17. The firm has a market cap of $14.05 billion, a price-to-earnings ratio of 11.72 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities analysts forecast that HF Sinclair Corporation will post 9.89 earnings per share for the current year.

HF Sinclair Dividend Announcement

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

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.