Ellevest Inc. Acquires Shares of 8,151 HF Sinclair Corporation $DINO

Ellevest Inc. bought a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,151 shares of the company’s stock, valued at approximately $376,000.

A number of other large investors also recently made changes to their positions in DINO. Invesco Ltd. boosted its position in shares of HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after purchasing an additional 994,090 shares during the last quarter. Merewether Investment Management LP bought a new stake in HF Sinclair in the third quarter valued at about $35,717,000. Dimensional Fund Advisors LP lifted its stake in HF Sinclair by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after buying an additional 560,194 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in HF Sinclair by 151.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 902,091 shares of the company’s stock valued at $47,215,000 after buying an additional 543,983 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in HF Sinclair by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after buying an additional 446,867 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. BMO Capital Markets decreased their target price on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Morgan Stanley set a $69.00 price objective on HF Sinclair in a research note on Monday, May 4th. Scotiabank lifted their target price on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Barclays increased their price target on HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.82.

HF Sinclair Price Performance

NYSE:DINO opened at $73.07 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. The stock’s 50-day simple moving average is $64.50 and its 200 day simple moving average is $56.35. The company has a market cap of $13.17 billion, a P/E ratio of 10.99 and a beta of 0.72. HF Sinclair Corporation has a 52-week low of $35.23 and a 52-week high of $74.72.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.27) earnings per share. As a group, sell-side analysts forecast that HF Sinclair Corporation will post 8.7 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

Insider Activity at HF Sinclair

In related news, 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 in the company, valued at approximately $2,975,916.90. The trade was a 18.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the sale, the senior vice president directly owned 14,797 shares in the company, valued at $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 13,101 shares of company stock valued at $908,281. 0.26% of the stock is owned by corporate insiders.

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.