Hennion & Walsh Asset Management Inc. Acquires 5,686 Shares of HF Sinclair Corporation $DINO

Hennion & Walsh Asset Management Inc. grew its holdings in HF Sinclair Corporation (NYSE:DINO) by 92.8% during the second quarter, HoldingsChannel.com reports. The firm owned 11,815 shares of the company’s stock after acquiring an additional 5,686 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in HF Sinclair were worth $823,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DINO. Virtus Investment Advisers LLC raised its position in HF Sinclair by 5.9% during the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after purchasing an additional 195 shares in the last quarter. D.A. Davidson & CO. grew 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 worth $267,000 after buying an additional 210 shares in the last quarter. Parallel Advisors LLC increased its stake 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 valued at $220,000 after buying an additional 221 shares during the period. Blue Trust Inc. raised its holdings in shares of HF Sinclair by 4.7% in 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 in the last quarter. Finally, Unison Advisors LLC raised its holdings 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 valued at $1,469,000 after acquiring an additional 234 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were 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 $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Rhoman J. Hardy purchased 1,508 shares of the stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the transaction, the director owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have sold 12,672 shares of company stock valued at $1,020,000 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DINO. Barclays upped 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 report on Wednesday, July 29th. Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. UBS Group boosted their price objective on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Raymond James Financial set a $105.00 target price on HF Sinclair in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $92.02 on Friday. HF Sinclair Corporation has a 1 year low of $43.97 and a 1 year high of $94.22. 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’s fifty day moving average price is $78.60 and its 200 day moving average price is $66.93. The company has a market capitalization of $16.36 billion, a PE ratio of 8.78 and a beta of 0.70.

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

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is 20.04%.

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.