7,996 Shares in HF Sinclair Corporation $DINO Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC acquired a new stake in shares of HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,996 shares of the company’s stock, valued at approximately $557,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Virtus Investment Advisers LLC increased its stake in HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after acquiring an additional 195 shares during the last quarter. D.A. Davidson & CO. boosted its position in shares of HF Sinclair by 3.8% during the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after acquiring an additional 210 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of HF Sinclair by 4.9% during the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after purchasing an additional 221 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of HF Sinclair by 4.7% during the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after purchasing an additional 228 shares in the last quarter. Finally, Unison Advisors LLC increased its position in shares of 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 purchasing an additional 234 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $99.90 on Monday. The stock has a market cap of $17.76 billion, a price-to-earnings ratio of 9.53 and a beta of 0.70. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a 1-year low of $45.71 and a 1-year high of $100.13. The stock’s 50-day moving average is $84.56 and its 200 day moving average is $70.18.

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

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.1%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s payout ratio is 20.04%.

Insider Transactions at HF Sinclair

In related news, Director Rhoman J. Hardy bought 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the acquisition, the director directly owned 15,037 shares of the company’s stock, valued at $997,253.84. The trade was a 11.15% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Evercore assumed coverage on shares of HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 target price on the stock. Barclays boosted their price target on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Freedom Capital cut shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 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 issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

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.