Legacy Capital Group California Inc. Cuts Stake in HF Sinclair Corporation $DINO

Legacy Capital Group California Inc. decreased its position in shares of HF Sinclair Corporation (NYSE:DINO) by 23.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 21,067 shares of the company’s stock after selling 6,572 shares during the period. Legacy Capital Group California Inc.’s holdings in HF Sinclair were worth $1,314,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DINO. Virtus Investment Advisers LLC boosted its position in HF Sinclair by 5.9% in the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after purchasing 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. Unison Advisors LLC grew its stake in shares of HF Sinclair by 0.9% in the 4th quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after buying an additional 218 shares in the last quarter. Parallel Advisors LLC increased its stake in 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 acquiring an additional 221 shares during the last quarter. Finally, Blue Trust Inc. increased its position in HF Sinclair by 4.7% during the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after acquiring an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling at HF Sinclair

In related news, CFO Vivek Garg sold 717 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the transaction, the chief financial officer directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction 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 of the company’s stock, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 13,736 shares of company stock worth $954,694. Corporate insiders own 0.26% of the company’s stock.

HF Sinclair Trading Up 4.7%

HF Sinclair stock opened at $81.72 on Tuesday. The firm has a market cap of $14.73 billion, a PE ratio of 12.29 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The stock’s 50 day simple moving average is $70.71 and its two-hundred day simple moving average is $60.51. HF Sinclair Corporation has a 12 month low of $42.16 and a 12 month high of $82.05.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the previous year, the company earned ($0.27) earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Analysts anticipate that HF Sinclair Corporation will post 9.89 earnings per share 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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, May 11th. HF Sinclair’s payout ratio is currently 30.08%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Scotiabank lifted their price target on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Raymond James Financial reiterated a “strong-buy” rating on shares of HF Sinclair in a research note on Monday. UBS Group upped their target price on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $74.27.

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.