Hsbc Holdings PLC Buys 108,263 Shares of HF Sinclair Corporation $DINO

Hsbc Holdings PLC grew its stake in HF Sinclair Corporation (NYSE:DINO) by 227.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 155,946 shares of the company’s stock after buying an additional 108,263 shares during the period. Hsbc Holdings PLC’s holdings in HF Sinclair were worth $7,176,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in shares of HF Sinclair during the 4th quarter valued at about $26,000. REAP Financial Group LLC acquired a new position in HF Sinclair during the fourth quarter valued at approximately $29,000. Nalls Sherbakoff Group LLC bought a new stake in shares of HF Sinclair during the 4th quarter worth $36,000. IFC & Insurance Marketing Inc. bought a new stake in shares of HF Sinclair during the 4th quarter worth $43,000. Finally, State of Wyoming acquired a new position in HF Sinclair in the 2nd quarter valued at $41,000. Institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley upped 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, June 12th. Weiss Ratings upgraded HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Freedom Capital raised HF Sinclair to a “hold” rating in a research report on Friday, June 5th. Zacks Research cut HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, Mizuho restated a “neutral” rating and issued a $79.00 price objective (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and a consensus target price of $71.55.

Insider Activity at HF Sinclair

In other news, Director Rhoman J. Hardy acquired 1,508 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average price of $66.32 per share, with a total value of $100,010.56. Following the acquisition, the director owned 15,037 shares of the company’s stock, valued at $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vivek Garg sold 717 shares of the business’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 value of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares in the company, valued at approximately $824,937.75. This represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,736 shares of company stock worth $954,694 in the last three months. Company insiders own 0.26% of the company’s stock.

HF Sinclair Stock Up 6.3%

Shares of DINO opened at $78.58 on Thursday. The company has a 50-day simple moving average of $69.89 and a 200-day simple moving average of $59.84. The firm has a market capitalization of $14.17 billion, a P/E ratio of 11.82 and a beta of 0.72. 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 Corporation has a 52 week low of $42.16 and a 52 week high of $78.79.

HF Sinclair (NYSE:DINO) last released its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the business earned ($0.27) earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, equities research analysts expect that HF Sinclair Corporation will post 9.46 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were given a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.5%. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

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.