Kornitzer Capital Management Inc. KS Reduces Stock Holdings in HF Sinclair Corporation $DINO

Kornitzer Capital Management Inc. KS reduced its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 1.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 473,012 shares of the company’s stock after selling 8,952 shares during the quarter. Kornitzer Capital Management Inc. KS’s holdings in HF Sinclair were worth $29,511,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of 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 purchasing an additional 446,867 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of HF Sinclair by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after buying an additional 48,103 shares during the period. State Street Corp raised its stake in HF Sinclair by 0.4% in the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after buying an additional 22,150 shares in the last quarter. AQR Capital Management LLC raised its stake in HF Sinclair by 13.7% in the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock worth $200,880,000 after buying an additional 523,709 shares in the last quarter. Finally, LSV Asset Management lifted its holdings in HF Sinclair by 4.0% in the fourth quarter. LSV Asset Management now owns 3,399,427 shares of the company’s stock worth $156,646,000 after buying an additional 129,934 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DINO has been the topic of several research reports. Freedom Capital raised HF Sinclair to a “hold” rating in a research report on Friday, June 5th. UBS Group increased their target price on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Zacks Research cut HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, Wells Fargo & Company lifted their price target on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, HF Sinclair currently has an average rating of “Hold” and an average target price of $71.55.

HF Sinclair Stock Up 0.5%

NYSE DINO traded up $0.42 during trading hours on Friday, reaching $77.94. 1,693,032 shares of the company’s stock traded hands, compared to its average volume of 2,277,440. HF Sinclair Corporation has a 52-week low of $42.16 and a 52-week high of $78.79. The firm has a market cap of $14.05 billion, a PE ratio of 11.72 and a beta of 0.72. The firm has a 50-day simple moving average of $70.42 and a 200 day simple moving average of $60.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. HF Sinclair’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. Sell-side analysts anticipate that HF Sinclair Corporation will post 9.89 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s payout ratio is currently 30.08%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the sale, the senior vice president directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the sale, the director directly owned 16,543 shares in the company, valued at $1,209,127.87. This trade represents a 3.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 13,736 shares of company stock worth $954,694. Company insiders own 0.26% of the company’s stock.

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.