Buckhead Capital Management LLC Cuts Position in HF Sinclair Corporation $DINO
by Amy Steele · The Cerbat GemBuckhead Capital Management LLC lessened its holdings in HF Sinclair Corporation (NYSE:DINO – Free Report) by 24.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 45,976 shares of the company’s stock after selling 14,610 shares during the quarter. Buckhead Capital Management LLC’s holdings in HF Sinclair were worth $2,119,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in HF Sinclair during the 4th quarter worth approximately $26,000. State of Wyoming purchased a new stake in HF Sinclair during the 2nd quarter worth approximately $41,000. Torren Management LLC purchased a new stake in HF Sinclair during the 4th quarter worth approximately $55,000. CI Investments Inc. increased its stake in HF Sinclair by 20.0% during the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after buying an additional 187 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in HF Sinclair by 21.2% during the 3rd quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock worth $74,000 after buying an additional 251 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other 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 completion of the sale, the chief financial officer directly owned 11,475 shares in the company, valued at $824,937.75. This represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Valerie Pompa sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $69.05, for a total value of $690,500.00. Following the completion of the sale, the executive vice president owned 43,098 shares of the company’s stock, valued at $2,975,916.90. This trade represents a 18.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.26% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms have commented on DINO. Piper Sandler cut their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Argus upgraded HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. Wells Fargo & Company boosted their price objective on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st. Morgan Stanley set a $69.00 price objective on HF Sinclair in a research note on Monday, May 4th. Finally, Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.91.
View Our Latest Analysis on DINO
HF Sinclair Price Performance
DINO stock opened at $69.92 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The business has a 50 day simple moving average of $63.15 and a 200-day simple moving average of $55.69. The firm has a market capitalization of $12.61 billion, a PE ratio of 10.51 and a beta of 0.72. HF Sinclair Corporation has a 1 year low of $34.77 and a 1 year high of $74.72.
HF Sinclair (NYSE:DINO – Get Free Report) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The business had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.27) earnings per share. Equities research analysts anticipate that HF Sinclair Corporation will post 8.9 earnings per share for the current fiscal year.
HF Sinclair Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th will be given a $0.50 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. HF Sinclair’s dividend payout ratio is 30.08%.
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.
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