Infrastructure Capital Advisors LLC Makes New $1.54 Million Investment in HF Sinclair Corporation $DINO

Infrastructure Capital Advisors LLC purchased a new position in HF Sinclair Corporation (NYSE:DINO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 22,084 shares of the company’s stock, valued at approximately $1,538,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DINO. BlackRock Inc. acquired a new stake in HF Sinclair in the second quarter worth $1,291,602,000. Bank of New York Mellon Corp acquired a new position in shares of HF Sinclair during the second quarter valued at $140,654,000. NFJ Investment Group LLC grew its position in shares of HF Sinclair by 1,275.3% during the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after acquiring an additional 1,737,318 shares during the last quarter. Invesco Ltd. grew its position in shares of HF Sinclair by 104.3% during the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after acquiring an additional 994,090 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of HF Sinclair by 101.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock worth $82,712,000 after acquiring an additional 903,177 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Evercore assumed coverage on shares of HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 price target on the stock. Weiss Ratings raised HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. The Goldman Sachs Group reiterated a “buy” rating and set a $114.00 price objective on shares of HF Sinclair in a research report on Wednesday, July 29th. Finally, Barclays increased their price objective on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

Insider Buying and Selling

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the company’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 transaction, the senior vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Rhoman J. Hardy acquired 1,508 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average price of $66.32 per share, with a total value of $100,010.56. Following the transaction, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. The trade was a 11.15% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 11,955 shares of company stock worth $968,455 over the last three months. Corporate insiders own 0.26% of the company’s stock.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $97.13 on Monday. HF Sinclair Corporation has a 52 week low of $45.71 and a 52 week high of $97.63. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The stock has a market cap of $17.27 billion, a PE ratio of 9.27 and a beta of 0.70. The company’s 50-day moving average price is $81.48 and its two-hundred day moving average price is $68.79.

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

HF Sinclair Increases Dividend

The firm also recently declared 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. This represents a $2.10 annualized dividend and a yield of 2.2%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is presently 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.