Legal & General Group Plc Buys New Holdings in HF Sinclair Corporation $DINO

Legal & General Group Plc purchased a new position in HF Sinclair Corporation (NYSE:DINO) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 229,696 shares of the company’s stock, valued at approximately $15,998,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clearstead Trust LLC purchased a new position in shares of HF Sinclair during the second quarter worth $33,000. REAP Financial Group LLC purchased a new stake in HF Sinclair in the fourth quarter valued at $29,000. Fairway Wealth LLC purchased a new stake in HF Sinclair in the first quarter valued at $41,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair during the 4th quarter worth about $36,000. Finally, Main Street Group LTD purchased a new position in shares of HF Sinclair during the 1st quarter valued at about $54,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HF Sinclair

In related news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair 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 sale, the director owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This trade represents a 3.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy purchased 1,508 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, with a total value of $100,010.56. Following the acquisition, the director owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Evercore initiated coverage on HF Sinclair in a research report on Friday, July 17th. They set an “in-line” rating and a $85.00 price target for the company. Barclays boosted their price target on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. UBS Group upped their price objective on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, TD Cowen lifted their target price on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

HF Sinclair Price Performance

NYSE:DINO opened at $99.90 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a 52 week low of $45.71 and a 52 week high of $100.13. The stock’s 50-day moving average price is $84.56 and its 200-day moving average price is $70.18. The stock has a market capitalization of $17.76 billion, a PE ratio of 9.53 and a beta of 0.70.

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

HF Sinclair Increases Dividend

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