Kingsview Wealth Management LLC Has $2.83 Million Position in HF Sinclair Corporation $DINO

Kingsview Wealth Management LLC boosted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 1,451.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 61,345 shares of the company’s stock after purchasing an additional 57,391 shares during the quarter. Kingsview Wealth Management LLC’s holdings in HF Sinclair were worth $2,827,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Convergence Investment Partners LLC acquired a new stake in shares of HF Sinclair in the third quarter valued at $1,408,000. Citigroup Inc. increased its stake in shares of HF Sinclair by 41.4% in the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock valued at $23,298,000 after buying an additional 130,338 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of HF Sinclair in the fourth quarter valued at $6,194,000. Dimensional Fund Advisors LP increased its stake in shares of HF Sinclair by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after buying an additional 560,194 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in shares of HF Sinclair by 498.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 51,094 shares of the company’s stock valued at $2,674,000 after buying an additional 42,552 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

HF Sinclair stock opened at $69.99 on Friday. The business’s 50-day simple moving average is $64.29 and its 200 day simple moving average is $56.23. The stock has a market cap of $12.62 billion, a price-to-earnings ratio of 10.52 and a beta of 0.72. HF Sinclair Corporation has a 12-month low of $35.10 and a 12-month high of $74.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.27) earnings per share. As a group, research analysts anticipate that HF Sinclair Corporation will post 8.7 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 11th will be issued a $0.50 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.9%. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

Insider Activity at HF Sinclair

In related news, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the transaction, the chief financial officer owned 11,475 shares in the company, valued at $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $69.05, for a total value of $690,500.00. Following the completion of the transaction, the executive vice president owned 43,098 shares in the company, valued at approximately $2,975,916.90. This represents a 18.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,101 shares of company stock worth $908,281 over the last 90 days. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of a number of research reports. Argus upgraded HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. Piper Sandler lowered their target price on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. TD Cowen raised their target price on HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Morgan Stanley set a $69.00 target price on HF Sinclair in a research note on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.82.

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.