State of Wyoming Takes $859,000 Position in HF Sinclair Corporation $DINO

State of Wyoming acquired a new stake in HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,337 shares of the company’s stock, valued at approximately $859,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in HF Sinclair by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock valued at $775,556,000 after purchasing an additional 446,867 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 buying an additional 103,135 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of HF Sinclair by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after buying an additional 48,103 shares during the period. State Street Corp raised its position in shares of HF Sinclair by 0.4% during the 4th quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after buying an additional 22,150 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in HF Sinclair by 13.7% in the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock valued at $200,880,000 after acquiring an additional 523,709 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Up 1.9%

NYSE:DINO opened at $93.65 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. The stock’s fifty day moving average is $79.05 and its two-hundred day moving average is $67.12. HF Sinclair Corporation has a 52 week low of $44.22 and a 52 week high of $94.22. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 8.94 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. The business had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The company’s revenue was up 53.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.10 earnings per share. Research analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 annualized dividend and a yield of 2.2%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio is presently 20.04%.

Insider Buying and Selling

In other news, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the transaction, the senior vice president owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Manuel J. Fernandez sold 635 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,672 shares of company stock worth $1,020,000 over the last 90 days. 0.26% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on DINO shares. Barclays increased their price objective on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Raymond James Financial set a $105.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. Finally, UBS Group upped their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Two research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

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.