Connor Clark & Lunn Investment Management Ltd. Takes $21.06 Million Position in HF Sinclair Corporation $DINO

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 302,382 shares of the company’s stock, valued at approximately $21,061,000.

A number of other hedge funds have also modified their holdings of DINO. Goldman Sachs Group Inc. boosted its stake in HF Sinclair by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock worth $30,899,000 after purchasing an additional 119,832 shares during the period. Focus Partners Wealth boosted its stake in shares of HF Sinclair by 71.7% during the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after buying an additional 8,102 shares during the period. Amundi grew its holdings in shares of HF Sinclair by 7.7% during the second quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after buying an additional 12,387 shares during the last quarter. Jump Financial LLC acquired a new position in HF Sinclair in the 2nd quarter valued at about $209,000. Finally, Cerity Partners LLC increased its position in HF Sinclair by 25.7% in the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after acquiring an additional 29,635 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

Shares of DINO opened at $93.44 on Wednesday. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $98.39. The stock has a market cap of $16.61 billion, a P/E ratio of 8.92 and a beta of 0.70. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $82.57 and a two-hundred day moving average of $69.33.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same period in the prior year, the business earned $1.10 earnings per share. The company’s quarterly revenue was up 53.2% on a year-over-year basis. As a group, research analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.2%. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $114.00 target price on shares of HF Sinclair in a report on Wednesday, July 29th. TD Cowen boosted their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Mizuho raised their target price on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Raymond James Financial set a $105.00 price objective on HF Sinclair in a report on Wednesday, July 29th. Finally, Morgan Stanley increased their target price on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and an average target price of $81.25.

Insiders Place Their Bets

In related news, Director Rhoman J. Hardy purchased 1,508 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, with a total value 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. The trade was a 11.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the sale, the director owned 16,543 shares in the company, valued at $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.26% of the stock is currently owned by company insiders.

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.