Sierra Summit Advisors LLC Takes Position in HF Sinclair Corporation $DINO

Sierra Summit Advisors LLC purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,869 shares of the company’s stock, valued at approximately $553,000.

A number of other hedge funds have also bought and sold shares of DINO. Kingsview Wealth Management LLC raised its stake in HF Sinclair by 1,451.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock valued at $2,827,000 after buying an additional 57,391 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of HF Sinclair in the 4th quarter worth approximately $6,194,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of HF Sinclair in the 4th quarter worth approximately $1,717,000. Hillsdale Investment Management Inc. grew its position in shares of HF Sinclair by 317.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company’s stock worth $3,871,000 after acquiring an additional 63,900 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of HF Sinclair by 498.2% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 51,094 shares of the company’s stock valued at $2,674,000 after acquiring an additional 42,552 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction 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 approximately $1,209,127.87. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $69.05, for a total transaction of $690,500.00. Following the transaction, the executive vice president directly owned 43,098 shares of the company’s stock, valued at approximately $2,975,916.90. This trade represents a 18.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,736 shares of company stock valued at $954,694 in the last three months. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company upped their price target on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Morgan Stanley lifted their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Mizuho reiterated a “neutral” rating and set a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. UBS Group increased their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $81.00 price target on shares of HF Sinclair in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $71.55.

HF Sinclair Stock Up 0.0%

Shares of HF Sinclair stock opened at $72.50 on Friday. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The business’s 50 day simple moving average is $68.99 and its 200-day simple moving average is $59.17. The stock has a market capitalization of $13.07 billion, a price-to-earnings ratio of 10.90 and a beta of 0.72. HF Sinclair Corporation has a twelve month low of $42.16 and a twelve month high of $74.72.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the business posted ($0.27) EPS. The business’s revenue was up 11.8% on a year-over-year basis. Equities research analysts forecast that HF Sinclair Corporation will post 9.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is presently 30.08%.

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.