HF Sinclair Corporation $DINO Position Boosted by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in HF Sinclair Corporation (NYSE:DINO) by 262.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,202 shares of the company’s stock after buying an additional 49,397 shares during the quarter. Intech Investment Management LLC’s holdings in HF Sinclair were worth $3,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in HF Sinclair by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after purchasing an additional 119,832 shares in the last quarter. Focus Partners Wealth boosted its stake in HF Sinclair by 71.7% during the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after purchasing an additional 8,102 shares in the last quarter. Amundi boosted its stake in HF Sinclair by 7.7% during the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after purchasing an additional 12,387 shares in the last quarter. Jump Financial LLC bought a new position in HF Sinclair during the 2nd quarter valued at $209,000. Finally, Cerity Partners LLC boosted its stake in HF Sinclair by 25.7% during the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after purchasing an additional 29,635 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Price Performance

DINO opened at $70.86 on Tuesday. The stock has a fifty day moving average of $64.50 and a 200-day moving average of $56.35. The firm has a market capitalization of $12.77 billion, a P/E ratio of 10.66 and a beta of 0.72. HF Sinclair Corporation has a 12-month low of $35.10 and a 12-month high of $74.72. The company has a quick ratio of 0.88, a current ratio of 1.79 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. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.27) earnings per share. Equities analysts forecast that HF Sinclair Corporation will post 8.7 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 11th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

Insider Buying and Selling

In related news, CFO Vivek Garg sold 717 shares of the stock in a transaction on Tuesday, May 19th. The stock was 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 in the company, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $166,236.32. Following the sale, the senior vice president owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 13,101 shares of company stock worth $908,281. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DINO shares. Argus raised HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings raised HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Scotiabank increased their price objective on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.82.

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.