Cadence Wealth Management LLC Buys Shares of 27,434 HF Sinclair Corporation $DINO

Cadence Wealth Management LLC bought a new position in HF Sinclair Corporation (NYSE:DINO) in the second quarter, Holdings Channel.com reports. The institutional investor bought 27,434 shares of the company’s stock, valued at approximately $1,911,000. HF Sinclair accounts for approximately 0.9% of Cadence Wealth Management LLC’s portfolio, making the stock its 11th largest holding.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of HF Sinclair in the 2nd quarter valued at about $1,291,602,000. Vanguard Group Inc. raised its stake in shares of HF Sinclair by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after acquiring an additional 446,867 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of HF Sinclair by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock worth $577,114,000 after acquiring an additional 103,135 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in HF Sinclair by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after acquiring an additional 48,103 shares during the last quarter. Finally, State Street Corp lifted its position in HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after acquiring an additional 22,150 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DINO shares. Barclays raised their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Morgan Stanley raised their price objective on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. The Goldman Sachs Group reissued a “buy” rating and issued a $114.00 price objective on shares of HF Sinclair in a research report on Wednesday, July 29th. Finally, Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

HF Sinclair Trading Up 4.8%

HF Sinclair stock opened at $97.13 on Friday. 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 Corporation has a 52 week low of $45.71 and a 52 week high of $97.63. The company has a market capitalization of $17.27 billion, a price-to-earnings ratio of 9.27 and a beta of 0.70. The stock has a 50-day moving average price of $81.48 and a 200 day moving average price of $68.67.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results 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 net margin of 6.13% and a return on equity of 18.21%. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the prior year, the company earned $1.10 EPS. HF Sinclair’s quarterly revenue was up 53.2% on a year-over-year basis. Sell-side analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be issued a $0.525 dividend. This is an increase 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 annualized dividend and a dividend yield of 2.2%. HF Sinclair’s payout ratio is currently 20.04%.

Insider Buying and Selling at HF Sinclair

In related news, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the transaction, the senior vice president directly owned 14,797 shares in the company, valued at $1,031,794.81. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 11,955 shares of company stock valued at $968,455 over the last quarter. Insiders own 0.26% of the company’s stock.

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.