HF Sinclair Corporation $DINO Shares Acquired by LSV Asset Management

LSV Asset Management boosted its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 4.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,399,427 shares of the company’s stock after buying an additional 129,934 shares during the period. LSV Asset Management’s holdings in HF Sinclair were worth $156,646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in HF Sinclair during the fourth quarter valued at approximately $26,000. State of Wyoming acquired a new stake in HF Sinclair during the second quarter valued at approximately $41,000. Torren Management LLC acquired a new stake in HF Sinclair during the fourth quarter valued at approximately $55,000. CI Investments Inc. lifted its stake in HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after purchasing an additional 187 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in HF Sinclair by 21.2% during the third quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock valued at $74,000 after purchasing an additional 251 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on DINO shares. Wells Fargo & Company increased their target price on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. BMO Capital Markets cut their target price on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Mizuho increased their target price on shares of HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Finally, Raymond James Financial increased their target price on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 25th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $69.91.

Insider Buying and Selling

In related news, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total value of $51,545.13. Following the completion of the transaction, the chief financial officer owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Valerie Pompa sold 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $69.05, for a total transaction of $690,500.00. Following the completion of the sale, the executive vice president owned 43,098 shares of the company’s stock, valued at approximately $2,975,916.90. The trade was a 18.83% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.26% of the company’s stock.

HF Sinclair Trading Up 2.2%

HF Sinclair stock opened at $69.92 on Friday. The company has a 50 day moving average price of $63.15 and a 200 day moving average price of $55.69. HF Sinclair Corporation has a 52 week low of $34.77 and a 52 week high of $74.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. The firm has a market capitalization of $12.61 billion, a price-to-earnings ratio of 10.51 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the business posted ($0.27) EPS. The company’s revenue was up 11.8% on a year-over-year basis. Research analysts forecast that HF Sinclair Corporation will post 8.9 EPS for the current year.

HF Sinclair Dividend Announcement

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

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.