BNP Paribas Financial Markets Acquires 306,938 Shares of HF Sinclair Corporation $DINO

BNP Paribas Financial Markets lifted its holdings in HF Sinclair Corporation (NYSE:DINO) by 73.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 725,528 shares of the company’s stock after purchasing an additional 306,938 shares during the quarter. BNP Paribas Financial Markets’ holdings in HF Sinclair were worth $33,432,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DINO. Goldman Sachs Group Inc. raised its holdings in shares of HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after buying an additional 119,832 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of HF Sinclair by 71.7% in the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after buying an additional 8,102 shares during the last quarter. Amundi raised its holdings in shares of HF Sinclair by 7.7% in the second quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after buying an additional 12,387 shares during the last quarter. Jump Financial LLC bought a new position in shares of HF Sinclair in the second quarter valued at about $209,000. Finally, Cerity Partners LLC increased its position 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 purchasing an additional 29,635 shares during the period. 88.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Scotiabank boosted their price objective on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Weiss Ratings raised HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. BMO Capital Markets dropped their price objective on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, February 23rd. Morgan Stanley set a $69.00 price objective on HF Sinclair in a report on Monday, May 4th. Finally, Raymond James Financial boosted their price objective on HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Wednesday, March 25th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average price target of $70.82.

Insider Buying and Selling

In other news, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the transaction, the director directly owned 16,543 shares in the company, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Valerie Pompa sold 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $69.05, for a total value of $690,500.00. Following the transaction, the executive vice president owned 43,098 shares of the company’s stock, valued at $2,975,916.90. The trade was a 18.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,736 shares of company stock valued at $954,694 over the last 90 days. 0.26% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

HF Sinclair stock opened at $73.28 on Thursday. The firm has a market capitalization of $13.21 billion, a P/E ratio of 11.02 and a beta of 0.72. HF Sinclair Corporation has a 1 year low of $35.29 and a 1 year high of $74.72. The business has a 50-day moving average of $65.03 and a 200-day moving average of $56.62. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last posted its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.75. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.27) EPS. On average, equities analysts anticipate that HF Sinclair Corporation will post 8.7 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, May 11th. HF Sinclair’s payout ratio is presently 30.08%.

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.