Foster & Motley Inc. Purchases New Stake in HF Sinclair Corporation $DINO

Foster & Motley Inc. acquired a new position in HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,751 shares of the company’s stock, valued at approximately $888,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of HF Sinclair during the 2nd quarter worth approximately $1,291,602,000. Bank of New York Mellon Corp bought a new stake in shares of HF Sinclair during the second quarter worth approximately $140,654,000. NFJ Investment Group LLC lifted its holdings 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 period. Invesco Ltd. lifted its holdings in HF Sinclair by 104.3% in the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after buying an additional 994,090 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in HF Sinclair by 101.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock valued at $82,712,000 after acquiring an additional 903,177 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Down 1.1%

NYSE:DINO opened at $94.63 on Thursday. The stock has a 50-day simple moving average of $80.50 and a 200 day simple moving average of $68.18. HF Sinclair Corporation has a 52-week low of $45.25 and a 52-week high of $96.77. The company has a market cap of $16.82 billion, a PE ratio of 9.03 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share 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 firm had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the prior year, the firm posted $1.10 EPS. The business’s revenue was up 53.2% on a year-over-year basis. On average, sell-side analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be given a $0.525 dividend. 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. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s payout ratio is 20.04%.

Analyst Ratings Changes

Several analysts have commented on DINO shares. The Goldman Sachs Group reiterated a “buy” rating and set a $114.00 target price on shares of HF Sinclair in a research report on Wednesday, July 29th. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Scotiabank upped their price objective on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. UBS Group increased their target price on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Barclays raised their target price on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares in the company, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rhoman J. Hardy purchased 1,508 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were acquired at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the transaction, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 11,955 shares of company stock worth $968,455 in the last three months. 0.26% of the stock is currently owned by company insiders.

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.