Van ECK Associates Corp Has $6.68 Million Stake in HF Sinclair Corporation $DINO

Van ECK Associates Corp trimmed its stake in HF Sinclair Corporation (NYSE:DINO) by 39.5% in the second quarter, Holdings Channel.com reports. The firm owned 95,943 shares of the company’s stock after selling 62,691 shares during the quarter. Van ECK Associates Corp’s holdings in HF Sinclair were worth $6,682,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. REAP Financial Group LLC purchased a new position in HF Sinclair during the fourth quarter valued at approximately $29,000. Clearstead Trust LLC purchased a new stake in HF Sinclair in the 2nd quarter worth approximately $33,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of HF Sinclair during the 4th quarter valued at $36,000. Fairway Wealth LLC purchased a new position in shares of HF Sinclair during the 1st quarter valued at $41,000. Finally, State of Wyoming purchased a new position in shares of HF Sinclair during the 2nd quarter valued at $41,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was 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 of the company’s stock, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rhoman J. Hardy acquired 1,508 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price 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. This trade represents a 11.15% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Evercore started coverage on HF Sinclair in a research report on Friday, July 17th. They issued an “in-line” rating and a $85.00 target price on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 price target on shares of HF Sinclair in a research note on Wednesday, July 29th. Finally, Raymond James Financial set a $105.00 price target on HF Sinclair in a report on Wednesday, July 29th. Two research 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 issued a Sell rating to the company. Based on data from MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and a consensus price target of $83.42.

HF Sinclair Trading Up 2.0%

Shares of DINO stock opened at $106.09 on Thursday. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $107.31. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $86.84 and its two-hundred day moving average is $71.15. The company has a market cap of $18.86 billion, a PE ratio of 10.12 and a beta of 0.71.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data 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. The business had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. HF Sinclair’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. Equities analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.0%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is presently 20.04%.

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.