HF Sinclair Corporation $DINO Shares Purchased by Wellington Management Group LLP
by Mitch Edgeman · The Markets DailyWellington Management Group LLP raised its stake in shares of HF Sinclair Corporation (NYSE:DINO – Free Report) by 42.8% in the 2nd quarter, Holdings Channel reports. The fund owned 436,279 shares of the company’s stock after acquiring an additional 130,838 shares during the quarter. Wellington Management Group LLP’s holdings in HF Sinclair were worth $30,387,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of HF Sinclair by 14.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after purchasing an additional 119,832 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of HF Sinclair by 71.7% during the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after purchasing an additional 8,102 shares during the period. Amundi lifted its holdings in shares of HF Sinclair by 7.7% during the second quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after purchasing an additional 12,387 shares during the period. Jump Financial LLC purchased a new position in HF Sinclair in the 2nd quarter valued at $209,000. Finally, Cerity Partners LLC increased its stake in HF Sinclair by 25.7% in the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after buying an additional 29,635 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on DINO. Raymond James Financial set a $105.00 price objective on shares of HF Sinclair in a research report on Wednesday, July 29th. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. TD Cowen increased their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Barclays raised their price objective on shares of HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Finally, Morgan Stanley boosted their target price on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $83.42.
Check Out Our Latest Analysis on DINO
HF Sinclair Stock Performance
Shares of DINO opened at $105.62 on Friday. The company has a 50-day simple moving average of $88.36 and a 200-day simple moving average of $71.72. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $18.78 billion, a PE ratio of 10.08 and a beta of 0.71. HF Sinclair Corporation has a 52-week low of $45.71 and a 52-week high of $108.25.
HF Sinclair (NYSE:DINO – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. The firm had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business’s revenue for the quarter was up 53.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.10 earnings per share. Equities research analysts predict that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.
HF Sinclair Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is 20.04%.
Insider Buying and Selling
In other news, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president owned 42,561 shares of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rhoman Hardy purchased 1,508 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the acquisition, the director owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.26% of the stock is currently owned by company insiders.
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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