Thomist Capital Management LP Takes $6.76 Million Position in HF Sinclair Corporation $DINO

Thomist Capital Management LP purchased a new stake in HF Sinclair Corporation (NYSE:DINO) during the second quarter, Holdings Channel reports. The institutional investor purchased 97,063 shares of the company’s stock, valued at approximately $6,760,000. HF Sinclair comprises 2.1% of Thomist Capital Management LP’s investment portfolio, making the stock its 15th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of DINO. Clearstead Trust LLC acquired a new position in HF Sinclair during the second quarter valued at approximately $33,000. REAP Financial Group LLC bought a new stake in HF Sinclair in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC acquired a new stake in HF Sinclair in the first quarter worth $41,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair in the fourth quarter worth $36,000. Finally, Main Street Group LTD bought a new position in shares of HF Sinclair during the first quarter worth $54,000. Institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

DINO has been the subject of several research analyst reports. Weiss Ratings raised shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Morgan Stanley raised their price objective on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Mizuho lifted their target price on HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Raymond James Financial set a $105.00 target price on HF Sinclair in a research note on Wednesday, July 29th. Finally, Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.25.

Insider Buying and Selling

In other news, Director Rhoman J. Hardy bought 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 transaction, the director owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.26% of the stock is owned by corporate insiders.

HF Sinclair Stock Down 2.3%

Shares of DINO stock opened at $95.12 on Tuesday. The firm has a fifty day moving average of $82.04 and a 200-day moving average of $69.08. 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 12-month low of $45.71 and a 12-month high of $98.39. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 9.08 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The business had revenue of $10.39 billion for 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 quarterly revenue was up 53.2% on a year-over-year basis. During the same period last year, the business posted $1.10 earnings per share. As a group, equities research analysts predict that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal 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 given a dividend of $0.525 per share. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s payout ratio is currently 20.04%.

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.