Pallas Capital Advisors LLC Purchases New Holdings in HF Sinclair Corporation $DINO

Pallas Capital Advisors LLC purchased a new stake in HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 31,080 shares of the company’s stock, valued at approximately $2,165,000.

A number of other hedge funds also recently modified their holdings of DINO. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth approximately $29,000. Clearstead Trust LLC acquired a new position in shares of HF Sinclair in the second quarter valued at $33,000. Nalls Sherbakoff Group LLC bought a new position in HF Sinclair in the fourth quarter worth $36,000. Fairway Wealth LLC bought a new position in HF Sinclair in the first quarter worth $41,000. Finally, State of Wyoming acquired a new stake in HF Sinclair during the second quarter worth $41,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Up 1.3%

DINO opened at $94.88 on Tuesday. The firm’s 50-day simple moving average is $79.50 and its 200-day simple moving average is $67.56. 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 Corporation has a twelve month low of $44.22 and a twelve month high of $95.59. The firm 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 announced its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same period last year, the firm posted $1.10 EPS. The firm’s quarterly revenue was up 53.2% on a year-over-year basis. Equities research analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, August 11th. 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. HF Sinclair’s payout ratio is currently 20.04%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Freedom Capital cut shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. UBS Group lifted their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Mizuho upped their target price on shares of HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Barclays raised their price target on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.25.

Insider Activity at HF Sinclair

In other news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This represents a 17.35% 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 bought 1,508 shares of the stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average cost of $66.32 per share, with a total value of $100,010.56. Following the completion of the purchase, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 11,955 shares of company stock valued at $968,455 over the last three months. 0.26% of the stock is owned by company insiders.

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.