NFJ Investment Group LLC Acquires Shares of 1,398,736 HF Sinclair Corporation $DINO

NFJ Investment Group LLC acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,398,736 shares of the company’s stock, valued at approximately $97,422,000. HF Sinclair makes up 3.3% of NFJ Investment Group LLC’s portfolio, making the stock its largest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Virtus Investment Advisers LLC raised its stake in shares of HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after purchasing an additional 195 shares in the last quarter. D.A. Davidson & CO. grew its stake in HF Sinclair by 3.8% in 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 in the last quarter. Parallel Advisors LLC increased its holdings in HF Sinclair by 4.9% in the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after buying an additional 221 shares during the last quarter. Blue Trust Inc. increased its holdings in HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after buying an additional 228 shares during the last quarter. Finally, Unison Advisors LLC increased its holdings in HF Sinclair by 1.0% in the first quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock valued at $1,469,000 after buying an additional 234 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Transactions at HF Sinclair

In other news, Director Rhoman J. Hardy acquired 1,508 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the acquisition, the director directly owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the sale, the senior vice president directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. The trade was a 13.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,955 shares of company stock valued at $968,455. Company insiders own 0.26% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO opened at $92.60 on Friday. The company has a market cap of $16.46 billion, a P/E ratio of 8.84 and a beta of 0.70. The stock has a fifty day moving average price of $80.95 and a 200 day moving average price of $68.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. HF Sinclair Corporation has a 12 month low of $45.42 and a 12 month high of $96.76.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.82. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. HF Sinclair’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same period last year, the firm posted $1.10 EPS. On average, research analysts forecast that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.3%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. HF Sinclair’s payout ratio is currently 20.04%.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of research analyst reports. Barclays increased their target price on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. TD Cowen upped their price target on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. UBS Group raised their price objective on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $114.00 target price on shares of HF Sinclair in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.25.

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.