6,247 Shares in HF Sinclair Corporation $DINO Purchased by Nykredit A S

Nykredit A S purchased a new stake in shares of HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,247 shares of the company’s stock, valued at approximately $435,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DINO. Goldman Sachs Group Inc. increased its holdings in shares of HF Sinclair by 14.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock worth $30,899,000 after buying an additional 119,832 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of HF Sinclair by 71.7% in the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after acquiring an additional 8,102 shares in the last quarter. Amundi boosted its holdings in shares of HF Sinclair by 7.7% in the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after acquiring an additional 12,387 shares in the last quarter. Jump Financial LLC acquired a new position in shares of HF Sinclair in the 2nd quarter worth approximately $209,000. Finally, Cerity Partners LLC grew its position in HF Sinclair by 25.7% during the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after acquiring an additional 29,635 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DINO shares. Morgan Stanley raised their price target on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Raymond James Financial set a $105.00 target price on HF Sinclair in a report on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating and issued a $114.00 target price on shares of HF Sinclair in a research note on Wednesday, July 29th. Wells Fargo & Company lifted their price target on HF Sinclair from $67.00 to $93.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. Finally, Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average price target of $87.25.

HF Sinclair Trading Up 2.8%

Shares of DINO opened at $108.41 on Wednesday. The stock’s fifty day simple moving average is $89.83 and its 200-day simple moving average is $72.55. The firm has a market capitalization of $19.27 billion, a PE ratio of 10.34 and a beta of 0.71. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $109.86. 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 (NYSE:DINO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. During the same period in the previous year, the business posted $1.10 EPS. The company’s quarterly revenue was up 53.2% compared to the same quarter last year. As a group, research analysts predict that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, August 11th. HF Sinclair’s payout ratio is presently 20.04%.

Insider Activity at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the firm’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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rhoman Hardy bought 1,508 shares of the stock in a transaction on Tuesday, June 16th. The shares were acquired at an average cost of $66.32 per share, with a total value of $100,010.56. Following the acquisition, 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.26% of the company’s stock.

HF Sinclair Company 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.