Foster & Motley Inc. Takes Position in HF Sinclair Corporation $DINO

Foster & Motley Inc. bought a new stake in HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,751 shares of the company’s stock, valued at approximately $888,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after acquiring an additional 119,832 shares during the last quarter. Focus Partners Wealth increased its stake in shares of HF Sinclair by 71.7% during the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after purchasing an additional 8,102 shares during the last quarter. Amundi increased its position in 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 bought a new stake in HF Sinclair in the second quarter valued at approximately $209,000. Finally, Cerity Partners LLC raised its stake in HF Sinclair by 25.7% in the second quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after buying an additional 29,635 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the transaction, the director directly owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,955 shares of company stock valued at $968,455 in the last three months. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $114.00 price target on shares of HF Sinclair in a research note on Wednesday, July 29th. 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. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Mizuho lifted their target price on HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Two investment 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $81.25.

HF Sinclair Trading Down 1.1%

DINO opened at $94.63 on Thursday. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 9.03 and a beta of 0.70. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a twelve month low of $45.25 and a twelve month high of $96.77. The company has a 50-day simple moving average of $80.50 and a 200 day simple moving average of $68.18.

HF Sinclair (NYSE:DINO) last issued its 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 company had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. During the same period in the previous year, the company earned $1.10 EPS. The business’s revenue for the quarter was up 53.2% compared to the same quarter last year. Analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently disclosed 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. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.2%. The ex-dividend date is Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is presently 20.04%.

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.