Magnetar Financial LLC Purchases 72,026 Shares of HF Sinclair Corporation $DINO

Magnetar Financial LLC raised its position in shares of HF Sinclair Corporation (NYSE:DINO) by 242.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 101,706 shares of the company’s stock after acquiring an additional 72,026 shares during the quarter. Magnetar Financial LLC’s holdings in HF Sinclair were worth $4,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of DINO. Goldman Sachs Group Inc. grew its holdings in HF Sinclair by 14.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after purchasing an additional 119,832 shares during the period. Focus Partners Wealth boosted its holdings in shares of HF Sinclair by 71.7% in the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after acquiring an additional 8,102 shares during the period. Amundi boosted its holdings in shares of HF Sinclair by 7.7% in the second quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after acquiring an additional 12,387 shares during the period. Jump Financial LLC bought a new position in shares of HF Sinclair in the second quarter worth $209,000. Finally, Cerity Partners LLC boosted its holdings in shares of HF Sinclair by 25.7% in the second quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after acquiring an additional 29,635 shares during the period. 88.29% of the stock is owned by institutional investors.

HF Sinclair Price Performance

NYSE:DINO opened at $66.53 on Wednesday. The firm has a market capitalization of $11.99 billion, a price-to-earnings ratio of 10.00 and a beta of 0.72. HF Sinclair Corporation has a 52-week low of $40.09 and a 52-week high of $74.72. The stock has a fifty day moving average of $66.52 and a 200 day moving average of $57.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79.

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. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the company earned ($0.27) earnings per share. On average, research analysts expect that HF Sinclair Corporation will post 8.9 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 3.0%. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Rhoman J. Hardy acquired 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price 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 approximately $997,253.84. This represents a 11.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total value of $51,545.13. Following the sale, the chief financial officer directly owned 11,475 shares of the company’s stock, valued at $824,937.75. This represents a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,736 shares of company stock valued at $954,694 in the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DINO. Piper Sandler cut their price target on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Raymond James Financial raised their price target on HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Wednesday, March 25th. Barclays raised 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. Argus raised HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Finally, Zacks Research lowered HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, HF Sinclair has an average rating of “Hold” and an average price target of $71.64.

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.