PCM Encore LLC Purchases New Stake in HF Sinclair Corporation $DINO

PCM Encore LLC bought a new stake in HF Sinclair Corporation (NYSE:DINO) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,999 shares of the company’s stock, valued at approximately $627,000.

Several other large investors have also recently added to or reduced their stakes in DINO. Clearstead Trust LLC bought a new position in shares of HF Sinclair in the 2nd quarter worth about $33,000. REAP Financial Group LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth approximately $29,000. Fairway Wealth LLC acquired a new position in HF Sinclair during the 1st quarter worth $41,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair in the fourth quarter worth about $36,000. Finally, Main Street Group LTD acquired a new stake in shares of HF Sinclair in the 1st quarter worth approximately $54,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $92.60 on Friday. The company has a market cap of $16.46 billion, a price-to-earnings ratio of 8.84 and a beta of 0.70. The business has a 50 day moving average price of $80.95 and a 200 day moving average price of $68.47. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a twelve month low of $45.42 and a twelve month high of $96.76.

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

HF Sinclair Increases Dividend

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

Insider Activity at HF Sinclair

In related news, Director Rhoman J. Hardy acquired 1,508 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was acquired 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 represents a 11.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Matthew Joyce sold 2,384 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the sale, the senior vice president owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 11,955 shares of company stock valued at $968,455 in the last quarter. Company insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Raymond James Financial set a $105.00 target price on HF Sinclair in a research note on Wednesday, July 29th. UBS Group raised their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Morgan Stanley upped their price target on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 target price on shares of HF Sinclair in a report on Wednesday, July 29th. Two equities research 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 issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $81.25.

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.