HF Sinclair Corporation $DINO Stock Holdings Boosted by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in HF Sinclair Corporation (NYSE:DINO) by 2,453.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,246 shares of the company’s stock after purchasing an additional 74,221 shares during the quarter. Fifth Third Bancorp’s holdings in HF Sinclair were worth $4,819,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in HF Sinclair in the 4th quarter worth about $26,000. REAP Financial Group LLC acquired a new position in HF Sinclair in the fourth quarter valued at about $29,000. Nalls Sherbakoff Group LLC bought a new position in shares of HF Sinclair in the fourth quarter worth about $36,000. Fairway Wealth LLC acquired a new stake in shares of HF Sinclair during the 1st quarter worth approximately $41,000. Finally, State of Wyoming bought a new position in HF Sinclair during the 2nd quarter worth approximately $41,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $88.56 on Friday. HF Sinclair Corporation has a fifty-two week low of $42.16 and a fifty-two week high of $88.74. The stock has a market cap of $15.96 billion, a PE ratio of 13.32 and a beta of 0.72. 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 stock has a fifty day moving average of $71.79 and a 200-day moving average of $61.52.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the business posted ($0.27) earnings per share. The firm’s revenue was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that HF Sinclair Corporation will post 10.27 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is presently 30.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DINO shares. Weiss Ratings raised shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Zacks Research downgraded shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Morgan Stanley lifted their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Wells Fargo & Company raised their target price on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. Finally, TD Cowen lowered their target price on shares of HF Sinclair from $80.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $75.17.

Insider Transactions at HF Sinclair

In related news, Director Rhoman J. Hardy bought 1,508 shares of the stock in a transaction dated Tuesday, June 16th. The stock was bought at an average price of $66.32 per share, with a total value of $100,010.56. Following the purchase, the director owned 15,037 shares in the company, valued at approximately $997,253.84. The trade was a 11.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction 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 completion of the transaction, the senior vice president directly owned 14,797 shares in the company, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is currently owned by corporate insiders.

HF Sinclair Company 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.