Focus Partners Advisor Solutions LLC Acquires New Position in HF Sinclair Corporation $DINO

Focus Partners Advisor Solutions LLC bought a new position in HF Sinclair Corporation (NYSE:DINO) in the second quarter, Holdings Channel reports. The institutional investor bought 12,577 shares of the company’s stock, valued at approximately $876,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of HF Sinclair by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after acquiring an additional 446,867 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of HF Sinclair by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock valued at $577,114,000 after purchasing an additional 103,135 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of HF Sinclair by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after purchasing an additional 48,103 shares during the last quarter. State Street Corp raised its position in HF Sinclair by 0.4% in the 4th quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after purchasing an additional 22,150 shares during the period. Finally, AQR Capital Management LLC raised its position in HF Sinclair by 13.7% in the 4th quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock worth $200,880,000 after purchasing an additional 523,709 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity

In related 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 value of $46,412.15. Following the sale, the director directly owned 16,543 shares of the company’s stock, valued at $1,209,127.87. This trade represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Rhoman J. Hardy purchased 1,508 shares of HF Sinclair stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the acquisition, the director owned 15,037 shares in the company, valued at $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders sold 11,955 shares of company stock valued at $968,455. 0.26% of the stock is currently owned by insiders.

HF Sinclair Stock Up 1.3%

Shares of NYSE DINO opened at $94.88 on Tuesday. 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 $44.22 and a 52 week high of $95.59. The firm’s fifty day moving average is $79.50 and its 200 day moving average is $67.56. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 9.05 and a beta of 0.70.

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

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s payout ratio is currently 20.04%.

Analyst Ratings Changes

Several analysts have weighed in on DINO shares. Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. TD Cowen raised their price objective on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Mizuho boosted their target price on HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Scotiabank increased their target price on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

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.