Empowered Funds LLC Purchases New Position in HF Sinclair Corporation $DINO

Empowered Funds LLC bought a new stake in shares of HF Sinclair Corporation (NYSE:DINO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 234,186 shares of the company’s stock, valued at approximately $16,311,000.

Other large investors have also bought and sold shares of the company. BlackRock Inc. purchased a new position in HF Sinclair during the second quarter worth about $1,291,602,000. Bank of New York Mellon Corp bought a new position in shares of HF Sinclair during the 2nd quarter worth approximately $140,654,000. NFJ Investment Group LLC boosted its stake in shares of HF Sinclair by 1,275.3% in the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after buying an additional 1,737,318 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of HF Sinclair in the 2nd quarter worth approximately $89,846,000. Finally, Invesco Ltd. grew its holdings in shares of HF Sinclair by 104.3% in the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after acquiring an additional 994,090 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction 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 $1,209,127.87. This trade represents a 3.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rhoman J. Hardy acquired 1,508 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the acquisition, the director owned 15,037 shares of the company’s stock, 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 Trading Up 3.0%

Shares of DINO stock opened at $99.90 on Friday. The company’s fifty day simple moving average is $84.56 and its two-hundred day simple moving average is $70.10. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $100.13. The stock has a market capitalization of $17.76 billion, a price-to-earnings ratio of 9.53 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 6.13% and a return on equity of 18.21%. HF Sinclair’s revenue was up 53.2% compared to the same quarter last year. During the same period last year, the business earned $1.10 earnings per share. As a group, analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

Analysts Set New Price Targets

A number of research analysts have issued reports on DINO shares. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Mizuho boosted their price target on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Morgan Stanley raised their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $114.00 price objective on shares of HF Sinclair in a research report on Wednesday, July 29th. Two 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’s stock. Based on data from MarketBeat, HF Sinclair 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.