Hennion & Walsh Asset Management Inc. Acquires 5,686 Shares of HF Sinclair Corporation $DINO

Hennion & Walsh Asset Management Inc. lifted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 92.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 11,815 shares of the company’s stock after acquiring an additional 5,686 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in HF Sinclair were worth $823,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DINO. GAMMA Investing LLC lifted its holdings in shares of HF Sinclair by 8.8% in the 2nd quarter. GAMMA Investing LLC now owns 8,724 shares of the company’s stock worth $608,000 after acquiring an additional 708 shares during the last quarter. Mader & Shannon Wealth Management Inc. grew its holdings in shares of HF Sinclair by 1.2% during the 2nd quarter. Mader & Shannon Wealth Management Inc. now owns 74,608 shares of the company’s stock valued at $5,196,000 after purchasing an additional 895 shares during the last quarter. Versant Capital Management Inc raised its position in HF Sinclair by 31.2% in the 2nd quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock worth $69,000 after purchasing an additional 234 shares during the period. Parallel Advisors LLC raised its position in HF Sinclair by 19.1% in the 1st quarter. Parallel Advisors LLC now owns 5,678 shares of the company’s stock worth $354,000 after purchasing an additional 909 shares during the period. Finally, Bull Harbor Capital LLC bought a new stake in HF Sinclair in the first quarter worth $580,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction that occurred 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Matthew Joyce sold 2,384 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the sale, the senior vice president owned 14,797 shares of the company’s stock, valued at $1,031,794.81. The trade was a 13.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 12,672 shares of company stock worth $1,020,000 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.

HF Sinclair Trading Up 4.6%

Shares of NYSE DINO opened at $92.02 on Friday. The company has a market cap of $16.36 billion, a PE ratio of 8.78 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The firm’s 50 day moving average price is $78.60 and its 200-day moving average price is $66.93. HF Sinclair Corporation has a 52-week low of $43.97 and a 52-week high of $94.22.

HF Sinclair (NYSE:DINO) last released 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 during the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm’s quarterly revenue was up 53.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.10 earnings per share. On average, equities research analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.3%. HF Sinclair’s dividend payout ratio is presently 20.04%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DINO shares. Mizuho increased their target price on HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Morgan Stanley boosted their price objective on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Raymond James Financial set a $105.00 price objective on HF Sinclair in a research note on Wednesday, July 29th. Evercore assumed coverage on shares of HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 target price on the stock. Finally, UBS Group increased their price objective on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

About HF Sinclair

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.