119,461 Shares in HF Sinclair Corporation $DINO Purchased by Prudential PLC

Prudential PLC acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 119,461 shares of the company’s stock, valued at approximately $5,505,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CI Investments Inc. lifted its position in HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares during the period. D.A. Davidson & CO. lifted its position in HF Sinclair by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after purchasing an additional 210 shares during the period. Unison Advisors LLC lifted its position in HF Sinclair by 0.9% during the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after purchasing an additional 218 shares during the period. AMG National Trust Bank lifted its position in HF Sinclair by 0.4% during the third quarter. AMG National Trust Bank now owns 52,293 shares of the company’s stock worth $2,737,000 after purchasing an additional 234 shares during the period. Finally, Gateway Investment Advisers LLC lifted its position in HF Sinclair by 5.3% during the fourth quarter. Gateway Investment Advisers LLC now owns 4,753 shares of the company’s stock worth $219,000 after purchasing an additional 240 shares during the period. Institutional investors own 88.29% of the company’s stock.

Insider Activity

In other HF Sinclair news, EVP Valerie Pompa sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $69.05, for a total transaction 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 trade represents a 18.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the transaction, the senior vice president owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,736 shares of company stock worth $954,694 in the last 90 days. 0.26% of the stock is owned by company insiders.

HF Sinclair Stock Performance

HF Sinclair stock opened at $71.38 on Friday. The business has a 50 day moving average of $65.47 and a 200-day moving average of $56.84. HF Sinclair Corporation has a 1 year low of $36.65 and a 1 year high of $74.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The company has a market capitalization of $12.87 billion, a P/E ratio of 10.73 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data 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. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that HF Sinclair Corporation will post 8.77 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.8%. HF Sinclair’s dividend payout ratio (DPR) is presently 30.08%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Raymond James Financial upped their price objective on shares of HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 25th. Wells Fargo & Company upped their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. Barclays upped their price objective on shares of HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. UBS Group increased their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $81.00 target price on shares of HF Sinclair in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus target price of $70.82.

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.