RBF Capital LLC Sells 25,000 Shares of HF Sinclair Corporation $DINO

RBF Capital LLC lessened its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 33.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,000 shares of the company’s stock after selling 25,000 shares during the period. RBF Capital LLC’s holdings in HF Sinclair were worth $2,304,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DINO. NFJ Investment Group LLC boosted its holdings in shares of HF Sinclair by 1,275.3% during the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after purchasing an additional 1,737,318 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after purchasing an additional 994,090 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of HF Sinclair by 101.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock valued at $82,712,000 after purchasing an additional 903,177 shares during the last quarter. Merewether Investment Management LP bought a new position in shares of HF Sinclair during the 3rd quarter valued at about $35,717,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of HF Sinclair by 75.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,418,447 shares of the company’s stock valued at $65,362,000 after purchasing an additional 608,472 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of several research reports. TD Cowen increased their price objective on shares of HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a report on Monday, May 4th. BMO Capital Markets dropped their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, February 23rd. Freedom Capital raised shares of HF Sinclair to a “hold” rating in a report on Friday, June 5th. Morgan Stanley increased their price target on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday. Finally, Zacks Research downgraded shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. 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 issued a Sell rating to the stock. According to MarketBeat.com, HF Sinclair presently has an average rating of “Hold” and an average price target of $71.64.

Insider Buying and Selling at HF Sinclair

In other news, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the transaction, the chief financial officer directly owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Manuel J. Fernandez sold 635 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the transaction, the director directly owned 16,543 shares in the company, valued at approximately $1,209,127.87. This trade represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is owned by corporate insiders.

HF Sinclair Stock Performance

HF Sinclair stock opened at $66.53 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. HF Sinclair Corporation has a 1-year low of $40.09 and a 1-year high of $74.72. The firm has a market capitalization of $11.99 billion, a P/E ratio of 10.00 and a beta of 0.72. The company’s 50-day moving average is $66.52 and its 200 day moving average is $57.65.

HF Sinclair (NYSE:DINO) last issued its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period last year, the company posted ($0.27) earnings per share. Research analysts forecast that HF Sinclair Corporation will post 8.9 EPS for the current year.

HF Sinclair Announces Dividend

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

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.