Ieq Capital LLC Makes New Investment in HF Sinclair Corporation $DINO

Ieq Capital LLC purchased a new position in HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 283,389 shares of the company’s stock, valued at approximately $19,738,000.

A number of other large investors also recently modified their holdings of DINO. Kingsview Wealth Management LLC grew its position in HF Sinclair by 1,451.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock valued at $2,827,000 after buying an additional 57,391 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of HF Sinclair during the 4th quarter worth about $6,194,000. Hillsdale Investment Management Inc. raised its position in shares of HF Sinclair by 317.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company’s stock worth $3,871,000 after buying an additional 63,900 shares in the last quarter. State of Wyoming acquired a new stake in shares of HF Sinclair in the 2nd quarter worth approximately $859,000. Finally, Prudential PLC acquired a new stake in shares of HF Sinclair in the 4th quarter worth approximately $5,505,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of research analyst reports. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Morgan Stanley increased their price target on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Weiss Ratings upgraded HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Finally, Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $81.25.

Insider Buying and Selling

In other news, SVP Matthew Joyce sold 2,384 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the sale, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,955 shares of company stock worth $968,455 over the last quarter. 0.26% of the stock is currently owned by insiders.

HF Sinclair Stock Performance

Shares of DINO opened at $97.13 on Friday. The firm’s 50 day moving average is $81.48 and its 200-day moving average is $68.67. The stock has a market capitalization of $17.27 billion, a P/E ratio of 9.27 and a beta of 0.70. 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 12-month low of $45.71 and a 12-month high of $97.63.

HF Sinclair (NYSE:DINO) last released its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. The business 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%. The business’s quarterly revenue was up 53.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 earnings per share. Equities research analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders 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. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s dividend payout ratio is currently 20.04%.

About HF Sinclair

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.