Hennessy Advisors Inc. Invests $9.69 Million in HF Sinclair Corporation $DINO

Hennessy Advisors Inc. bought 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 SEC. The fund bought 139,100 shares of the company’s stock, valued at approximately $9,688,000. Hennessy Advisors Inc. owned about 0.08% of HF Sinclair at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. purchased a new stake in shares of HF Sinclair during the second quarter valued at approximately $202,000. Navellier & Associates Inc. bought a new stake in HF Sinclair during the 2nd quarter valued at $1,883,000. Prosperitas Financial LLC bought a new stake in HF Sinclair during the 2nd quarter valued at $275,000. Wellington Management Group LLP boosted its position in HF Sinclair by 42.8% during the 2nd quarter. Wellington Management Group LLP now owns 436,279 shares of the company’s stock valued at $30,387,000 after buying an additional 130,838 shares during the period. Finally, Kingsview Wealth Management LLC purchased a new stake in HF Sinclair during the 2nd quarter valued at $557,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other HF Sinclair news, Director Rhoman J. Hardy bought 1,508 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the purchase, the director owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Mizuho upped their price objective on shares of HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Evercore assumed coverage on HF Sinclair in a report on Friday, July 17th. They set an “in-line” rating and a $85.00 price target on the stock. UBS Group upped their price target on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. TD Cowen boosted their target price on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Finally, Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

HF Sinclair Price Performance

Shares of DINO stock opened at $99.90 on Friday. The business’s fifty day moving average is $84.56 and its 200 day moving average is $70.10. 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 has a market cap of $17.76 billion, a price-to-earnings ratio of 9.53 and a beta of 0.70. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $100.13.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data 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 return on equity of 18.21% and a net margin of 6.13%.The company’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. Research analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.1%. HF Sinclair’s payout ratio is presently 20.04%.

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.