Legacy Capital Group California Inc. Sells 6,572 Shares of HF Sinclair Corporation $DINO

Legacy Capital Group California Inc. reduced its holdings in HF Sinclair Corporation (NYSE:DINO) by 23.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,067 shares of the company’s stock after selling 6,572 shares during the period. Legacy Capital Group California Inc.’s holdings in HF Sinclair were worth $1,314,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new position in shares of HF Sinclair in the first quarter valued at about $288,000. State of Michigan Retirement System boosted its holdings in shares of HF Sinclair by 1.9% in the 1st 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 in the last quarter. Chicago Partners Investment Group LLC boosted its stake in 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 buying an additional 562 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of HF Sinclair by 2,453.6% in the 1st quarter. Fifth Third Bancorp now owns 77,246 shares of the company’s stock valued at $4,819,000 after purchasing an additional 74,221 shares in the last quarter. Finally, Stiles Financial Services Inc bought a new stake in shares of HF Sinclair during the first quarter worth $504,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. UBS Group increased their price target on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Barclays boosted their target price on shares of HF Sinclair from $71.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Weiss Ratings raised shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. One investment 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.27.

Insider Transactions at HF Sinclair

In related news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair 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 sale, the director owned 16,543 shares in the company, valued at $1,209,127.87. The trade was a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rhoman J. Hardy purchased 1,508 shares of the firm’s stock in a transaction that occurred on 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 purchase, the director owned 15,037 shares of the company’s stock, valued at $997,253.84. This represents a 11.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 13,736 shares of company stock valued at $954,694. Company insiders own 0.26% of the company’s stock.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $81.72 on Tuesday. HF Sinclair Corporation has a twelve month low of $42.16 and a twelve month high of $82.05. The firm has a market capitalization of $14.73 billion, a PE ratio of 12.29 and a beta of 0.72. 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 company has a 50-day moving average price of $70.71 and a two-hundred day moving average price of $60.51.

HF Sinclair (NYSE:DINO) last issued its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.27) EPS. Equities analysts forecast that HF Sinclair Corporation will post 9.89 EPS for the current year.

HF Sinclair Announces Dividend

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

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.