Hillsdale Investment Management Inc. Decreases Stake in HF Sinclair Corporation $DINO

Hillsdale Investment Management Inc. lessened its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 74.2% in the 1st quarter, Holdings Channel reports. The fund owned 21,700 shares of the company’s stock after selling 62,300 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in HF Sinclair were worth $1,354,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DINO. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of HF Sinclair during the 1st quarter worth approximately $288,000. State of Michigan Retirement System increased its holdings in shares of HF Sinclair by 1.9% in the first quarter. State of Michigan Retirement System now owns 37,600 shares of the company’s stock valued at $2,346,000 after purchasing an additional 700 shares during the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of HF Sinclair by 8.7% in the first quarter. Chicago Partners Investment Group LLC now owns 7,019 shares of the company’s stock valued at $417,000 after purchasing an additional 562 shares during the last quarter. Fifth Third Bancorp lifted its position in HF Sinclair by 2,453.6% during the first quarter. Fifth Third Bancorp now owns 77,246 shares of the company’s stock worth $4,819,000 after buying an additional 74,221 shares in the last quarter. Finally, Stiles Financial Services Inc purchased a new position in HF Sinclair during the first quarter worth approximately $504,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on DINO shares. Scotiabank upped their target price on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Freedom Capital upgraded HF Sinclair to a “hold” rating in a report on Friday, June 5th. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. TD Cowen cut their price objective on shares of HF Sinclair from $80.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, June 29th. Finally, Zacks Research downgraded shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and a consensus price target of $74.27.

HF Sinclair Trading Up 0.9%

DINO opened at $83.90 on Thursday. HF Sinclair Corporation has a 52 week low of $42.16 and a 52 week high of $84.07. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $71.14 and a 200-day simple moving average of $61.04. The firm has a market cap of $15.12 billion, a P/E ratio of 12.62 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the previous year, the business earned ($0.27) EPS. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities analysts expect that HF Sinclair Corporation will post 10.27 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s payout ratio is currently 30.08%.

Insider Activity at HF Sinclair

In related news, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the transaction, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of HF Sinclair 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 owned 16,543 shares of the company’s stock, valued at $1,209,127.87. This trade represents a 3.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is 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.