Quantbot Technologies LP Buys New Shares in HF Sinclair Corporation $DINO

Quantbot Technologies LP purchased a new position in HF Sinclair Corporation (NYSE:DINO) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 30,280 shares of the company’s stock, valued at approximately $2,109,000.

Several other institutional investors also recently modified their holdings of the stock. Evolve Private Wealth LLC bought a new stake in shares of HF Sinclair during the 2nd quarter worth $1,152,000. Emerald Investment Advisers LLC acquired a new position in shares of HF Sinclair in the 2nd quarter valued at $352,000. Landscape Capital Management L.L.C. acquired a new position in shares of HF Sinclair in the 2nd quarter valued at $955,000. Ieq Capital LLC purchased a new position in HF Sinclair in the 2nd quarter worth about $19,738,000. Finally, Callan Family Office LLC acquired a new stake in HF Sinclair during the 2nd quarter worth about $843,000. Institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the subject of several recent analyst reports. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings raised shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Raymond James Financial set a $105.00 price objective on shares of HF Sinclair in a research report on Wednesday, July 29th. Barclays increased their target price on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Finally, Mizuho lifted their price target on HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $95.12 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $98.39. The business has a fifty day simple moving average of $82.04 and a 200 day simple moving average of $69.08. The firm has a market cap of $16.91 billion, a price-to-earnings ratio of 9.08 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last issued its earnings results on Tuesday, July 28th. The company reported $5.31 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 the consensus estimate of $8.68 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The business’s quarterly revenue was up 53.2% compared to the same quarter last year. As a group, sell-side analysts predict that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal 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 annualized dividend and a dividend yield of 2.2%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio is presently 20.04%.

Insider Activity at HF Sinclair

In related news, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $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 accessible through this link. Also, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. This represents a 17.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.26% of the stock is currently owned by company insiders.

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.