Stiles Financial Services Inc Takes $504,000 Position in HF Sinclair Corporation $DINO

Stiles Financial Services Inc acquired a new stake in shares of HF Sinclair Corporation (NYSE:DINO) during the first quarter, according to its most recent filing with the SEC. The fund acquired 8,084 shares of the company’s stock, valued at approximately $504,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in HF Sinclair by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock valued at $775,556,000 after buying an additional 446,867 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of HF Sinclair by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock worth $293,260,000 after buying an additional 48,103 shares in the last quarter. State Street Corp boosted its position in shares of HF Sinclair by 0.4% in the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after acquiring an additional 22,150 shares during the period. AQR Capital Management LLC boosted its position in shares of 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 period. Finally, LSV Asset Management grew its stake in HF Sinclair by 4.0% during the fourth quarter. LSV Asset Management now owns 3,399,427 shares of the company’s stock valued at $156,646,000 after acquiring an additional 129,934 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the topic of a number of analyst reports. Barclays upped their target price on shares of HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. TD Cowen decreased their price target on shares of HF Sinclair from $80.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, June 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $81.00 price objective on shares of HF Sinclair in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company lifted their price objective on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $71.55.

Insider Buying and Selling

In other news, CFO Vivek Garg sold 717 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the transaction, the chief financial officer directly owned 11,475 shares in the company, valued at approximately $824,937.75. This represents a 5.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the sale, the director owned 16,543 shares of the company’s stock, valued at $1,209,127.87. The trade was a 3.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,736 shares of company stock valued at $954,694 in the last three months. 0.26% of the stock is owned by corporate insiders.

HF Sinclair Trading Down 1.4%

Shares of HF Sinclair stock opened at $77.52 on Friday. HF Sinclair Corporation has a 1 year low of $42.16 and a 1 year high of $78.79. The firm has a market cap of $13.98 billion, a PE ratio of 11.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The company has a 50 day simple moving average of $70.18 and a two-hundred day simple moving average of $60.05.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The business had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.27) EPS. Analysts expect that HF Sinclair Corporation will post 9.46 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were given a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.6%. HF Sinclair’s payout ratio is 30.08%.

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.