Delta Global Management LP Makes New Investment in HF Sinclair Corporation $DINO

Delta Global Management LP bought a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the fourth quarter, Holdings Channel.com reports. The firm bought 10,753 shares of the company’s stock, valued at approximately $495,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. L2 Asset Management LLC boosted its position in HF Sinclair by 34.0% during the fourth quarter. L2 Asset Management LLC now owns 8,679 shares of the company’s stock worth $400,000 after purchasing an additional 2,202 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in HF Sinclair by 1.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 41,672 shares of the company’s stock worth $1,920,000 after purchasing an additional 560 shares during the period. MML Investors Services LLC bought a new position in HF Sinclair during the fourth quarter worth about $1,631,000. Mariner LLC lifted its position in shares of HF Sinclair by 33.0% during the fourth quarter. Mariner LLC now owns 91,278 shares of the company’s stock worth $4,209,000 after acquiring an additional 22,627 shares in the last quarter. Finally, NFJ Investment Group LLC lifted its position in shares of HF Sinclair by 1,275.3% during the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after acquiring an additional 1,737,318 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Activity

In other news, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the sale, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. This trade represents a 13.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Valerie Pompa sold 10,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $69.05, for a total value of $690,500.00. Following the transaction, the executive vice president owned 43,098 shares in the company, valued at $2,975,916.90. This trade represents a 18.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,736 shares of company stock worth $954,694. Corporate insiders own 0.26% of the company’s stock.

HF Sinclair Stock Down 1.1%

DINO opened at $66.53 on Wednesday. The company has a fifty day moving average price of $66.52 and a 200-day moving average price of $57.65. The firm has a market capitalization of $11.99 billion, a P/E ratio of 10.00 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. HF Sinclair Corporation has a one year low of $40.09 and a one year high of $74.72.

HF Sinclair (NYSE:DINO) last issued 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 firm had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the company posted ($0.27) EPS. Equities research analysts expect that HF Sinclair Corporation will post 8.9 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were given a dividend of $0.50 per share. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 3.0%. HF Sinclair’s dividend payout ratio (DPR) is 30.08%.

Analyst Ratings Changes

Several research firms have issued reports on DINO. Wells Fargo & Company increased their target price on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. Mizuho restated a “neutral” rating and set a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. Barclays increased their target price on HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. BMO Capital Markets decreased their price target on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $81.00 price target on shares of HF Sinclair in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and an average price target of $71.64.

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.