Hsbc Holdings PLC Buys Shares of 28,438 HF Sinclair Corporation $DINO

Hsbc Holdings PLC purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 28,438 shares of the company’s stock, valued at approximately $2,012,000.

A number of other hedge funds have also made changes to their positions in the stock. Kingsview Wealth Management LLC boosted its holdings in shares of HF Sinclair by 1,451.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock worth $2,827,000 after buying an additional 57,391 shares during the period. Jefferies Financial Group Inc. acquired a new position in HF Sinclair during the 4th quarter worth $6,194,000. BlackRock Inc. acquired a new position in HF Sinclair during the 2nd quarter worth $1,291,602,000. Energy Income Partners LLC bought a new stake in HF Sinclair during the second quarter valued at about $5,210,000. Finally, Hillsdale Investment Management Inc. grew its position in shares of HF Sinclair by 317.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company’s stock valued at $3,871,000 after purchasing an additional 63,900 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DINO. Barclays lifted their price objective on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Mizuho upped their price target on HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. UBS Group increased their price objective on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, TD Cowen increased their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $81.25.

HF Sinclair Price Performance

Shares of DINO stock opened at $99.90 on Monday. The firm’s 50 day moving average is $84.56 and its 200-day moving average is $70.18. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $100.13. 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 firm has a market capitalization of $17.76 billion, a price-to-earnings ratio of 9.53 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last announced 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. 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 posted $1.10 earnings per share. HF Sinclair’s revenue was up 53.2% compared to the same quarter last year. Sell-side analysts forecast that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be given a $0.525 dividend. 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 dividend yield of 2.1%. HF Sinclair’s dividend payout ratio (DPR) is currently 20.04%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Rhoman J. Hardy acquired 1,508 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of $66.32 per share, with a total value of $100,010.56. Following the acquisition, the director directly owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This trade represents a 11.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the transaction, the director directly 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. The SEC filing for this sale provides additional information. Insiders own 0.26% of the company’s stock.

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.