Pingora Partners LLC Makes New $3.89 Million Investment in HF Sinclair Corporation $DINO

Pingora Partners LLC purchased a new stake in HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 55,880 shares of the company’s stock, valued at approximately $3,892,000. HF Sinclair comprises about 2.3% of Pingora Partners LLC’s portfolio, making the stock its 5th largest holding.

Several other institutional investors also recently bought and sold shares of DINO. BlackRock Inc. acquired a new stake in shares of HF Sinclair during the second quarter worth $1,291,602,000. Bank of New York Mellon Corp purchased a new stake in shares of HF Sinclair in the second quarter valued at $140,654,000. NFJ Investment Group LLC increased its stake 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 purchasing an additional 1,737,318 shares during the last quarter. Bank of America Corp DE acquired a new position in HF Sinclair in the second quarter valued at $89,846,000. Finally, Invesco Ltd. lifted its position in HF Sinclair by 104.3% during the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after buying an additional 994,090 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $96.77 on Thursday. The business’s fifty day moving average price is $83.19 and its 200 day moving average price is $69.62. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $98.39. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $17.20 billion, a P/E ratio of 9.23 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 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. The company had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm’s revenue was up 53.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 earnings per share. As a group, research analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current 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 dividend of $0.525 per share. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. 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%. HF Sinclair’s dividend payout ratio is currently 20.04%.

Insider Buying and Selling

In related news, Director Manuel J. Fernandez sold 635 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the transaction, the director owned 16,543 shares in the company, valued at approximately $1,209,127.87. This trade represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of HF Sinclair 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 transaction, the senior vice president directly owned 42,561 shares in the company, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of research analyst reports. Raymond James Financial set a $105.00 price target on HF Sinclair in a research note on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 price objective on shares of HF Sinclair in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Morgan Stanley boosted their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.25.

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.