HF Sinclair Corporation $DINO Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 1.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 292,966 shares of the company’s stock after selling 5,812 shares during the period. Janus Henderson Group PLC’s holdings in HF Sinclair were worth $18,278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DINO. Bull Harbor Capital LLC bought a new position in HF Sinclair in the 1st quarter worth approximately $580,000. South Dakota Investment Council raised its stake in HF Sinclair by 94.9% during the 1st quarter. South Dakota Investment Council now owns 28,621 shares of the company’s stock valued at $1,786,000 after acquiring an additional 13,935 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in HF Sinclair by 19.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,335 shares of the company’s stock worth $520,000 after acquiring an additional 1,381 shares during the period. California State Teachers Retirement System boosted its position in HF Sinclair by 22.9% during the 1st quarter. California State Teachers Retirement System now owns 185,360 shares of the company’s stock worth $11,565,000 after acquiring an additional 34,564 shares during the period. Finally, Empowered Funds LLC grew its stake in shares of HF Sinclair by 88.6% in the first quarter. Empowered Funds LLC now owns 202,057 shares of the company’s stock worth $12,606,000 after purchasing an additional 94,908 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HF Sinclair

In other news, CFO Vivek Garg sold 717 shares of HF Sinclair 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 transaction, the chief financial officer owned 11,475 shares of the company’s stock, valued at $824,937.75. The trade was a 5.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Valerie Pompa sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $69.05, for a total transaction of $690,500.00. Following the completion of the sale, the executive vice president owned 43,098 shares in the company, valued at $2,975,916.90. The trade was a 18.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,736 shares of company stock worth $954,694. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DINO shares. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Mizuho reissued a “neutral” rating and set a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. Evercore started coverage on shares of HF Sinclair in a research report on Friday, July 17th. They set an “in-line” rating and a $85.00 price target on the stock. Finally, Scotiabank upped their price target on shares of HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Hold” and a consensus target price of $80.75.

HF Sinclair Stock Down 3.1%

DINO opened at $88.59 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The company has a market capitalization of $15.75 billion, a PE ratio of 8.45 and a beta of 0.70. The stock’s fifty day moving average is $76.18 and its 200-day moving average is $64.88. HF Sinclair Corporation has a one year low of $42.63 and a one year high of $94.22.

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

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.525 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.4%. HF Sinclair’s payout ratio is 19.08%.

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.