HF Sinclair Corporation $DINO is Icon Advisers Inc. Co.’s 6th Largest Position

Icon Advisers Inc. Co. cut its position in shares of HF Sinclair Corporation (NYSE:DINO) by 16.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 147,300 shares of the company’s stock after selling 28,000 shares during the quarter. HF Sinclair accounts for 2.1% of Icon Advisers Inc. Co.’s investment portfolio, making the stock its 6th biggest holding. Icon Advisers Inc. Co.’s holdings in HF Sinclair were worth $9,190,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC raised its stake in shares of HF Sinclair by 1,451.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock worth $2,827,000 after buying an additional 57,391 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in HF Sinclair in the 4th quarter valued at about $6,194,000. Hillsdale Investment Management Inc. grew its stake in HF Sinclair by 317.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company’s stock valued at $3,871,000 after acquiring an additional 63,900 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in HF Sinclair during the 4th quarter valued at about $1,717,000. Finally, Prudential PLC purchased a new position in HF Sinclair during the 4th quarter valued at about $5,505,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DINO. TD Cowen upped their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday. Scotiabank increased their price target on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company raised their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group lifted their price objective on HF Sinclair from $81.00 to $109.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Mizuho reaffirmed a “neutral” rating and issued a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $79.08.

Insider Buying and Selling at HF Sinclair

In related news, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the sale, the chief financial officer directly owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Joyce sold 2,384 shares of the firm’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 sale, the senior vice president directly owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is owned by corporate insiders.

HF Sinclair Trading Down 0.7%

HF Sinclair stock opened at $91.06 on Thursday. The stock has a 50-day moving average price of $72.98 and a 200 day moving average price of $62.58. HF Sinclair Corporation has a 52 week low of $42.16 and a 52 week high of $93.66. The stock has a market cap of $16.41 billion, a PE ratio of 13.69 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last released its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period in the prior year, the firm earned ($0.27) EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Equities research analysts predict that HF Sinclair Corporation will post 10.81 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s payout ratio is currently 30.08%.

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.