Man Group plc Purchases New Shares in HF Sinclair Corporation $DINO

Man Group plc acquired a new position in HF Sinclair Corporation (NYSE:DINO) during the second quarter, HoldingsChannel reports. The institutional investor acquired 99,958 shares of the company’s stock, valued at approximately $6,962,000.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of HF Sinclair in the second quarter worth approximately $1,291,602,000. Vanguard Group Inc. raised 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 worth $775,556,000 after acquiring an additional 446,867 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in HF Sinclair by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock worth $577,114,000 after acquiring an additional 103,135 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in HF Sinclair by 0.8% in 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 acquiring an additional 48,103 shares in the last quarter. Finally, State Street Corp lifted its position in HF Sinclair by 0.4% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Rhoman J. Hardy acquired 1,508 shares of HF Sinclair stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average cost of $66.32 per share, with a total value of $100,010.56. Following the transaction, the director directly owned 15,037 shares of the company’s stock, valued at $997,253.84. This trade represents a 11.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the transaction, the director 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. The SEC filing for this sale provides additional information. 0.26% of the stock is currently owned by insiders.

HF Sinclair Trading Up 3.0%

Shares of DINO stock opened at $99.90 on Friday. HF Sinclair Corporation has a 52-week low of $45.71 and a 52-week high of $100.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The firm has a market capitalization of $17.76 billion, a PE ratio of 9.53 and a beta of 0.70. The stock has a fifty day simple moving average of $84.56 and a two-hundred day simple moving average of $70.10.

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

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders 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%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Raymond James Financial set a $105.00 price target on shares of HF Sinclair in a report on Wednesday, July 29th. Morgan Stanley boosted their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. TD Cowen increased their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Freedom Capital cut shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two 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 given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

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.