16,000 Shares in HF Sinclair Corporation $DINO Bought by J. Goldman & Co LP

J. Goldman & Co LP acquired a new stake in shares of HF Sinclair Corporation (NYSE:DINO) in the second quarter, HoldingsChannel reports. The fund acquired 16,000 shares of the company’s stock, valued at approximately $1,114,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtus Investment Advisers LLC raised its stake in shares of HF Sinclair by 5.9% during the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after purchasing an additional 195 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of HF Sinclair by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after buying an additional 210 shares in the last quarter. Parallel Advisors LLC increased its holdings in HF Sinclair by 4.9% in the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after buying an additional 221 shares during the last quarter. Blue Trust Inc. increased its holdings in HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after buying an additional 228 shares during the last quarter. Finally, Unison Advisors LLC increased its holdings in HF Sinclair by 1.0% in the first quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock worth $1,469,000 after buying an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity

In related news, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction dated 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 owned 16,543 shares in the company, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their position. The SEC filing for this sale provides additional information. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on DINO shares. Barclays lifted their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating and set a $114.00 price target on shares of HF Sinclair in a research note on Wednesday, July 29th. TD Cowen raised their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Raymond James Financial set a $105.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

HF Sinclair Price Performance

NYSE DINO opened at $96.77 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $83.19 and a 200 day simple moving average of $69.62. The company has a market cap of $17.20 billion, a P/E ratio of 9.23 and a beta of 0.70. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $98.39.

HF Sinclair (NYSE:DINO) last announced its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business’s quarterly revenue was up 53.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. On average, sell-side analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be given a $0.525 dividend. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

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.