Hara Capital LLC Buys Shares of 56,510 HF Sinclair Corporation $DINO

Hara Capital LLC purchased a new stake in HF Sinclair Corporation (NYSE:DINO) during the second quarter, according to its most recent filing with the SEC. The firm purchased 56,510 shares of the company’s stock, valued at approximately $3,936,000. HF Sinclair accounts for approximately 2.1% of Hara Capital LLC’s portfolio, making the stock its 11th largest position.

Several other hedge funds have also added to or reduced their stakes in the business. REAP Financial Group LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth about $29,000. Clearstead Trust LLC bought a new stake in shares of HF Sinclair in the 2nd quarter valued at about $33,000. Nalls Sherbakoff Group LLC bought a new stake in HF Sinclair in the fourth quarter valued at approximately $36,000. Fairway Wealth LLC acquired a new stake in HF Sinclair during the 1st quarter valued at $41,000. Finally, State of Wyoming acquired a new stake in shares of HF Sinclair during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $92.60 on Friday. The stock has a market capitalization of $16.46 billion, a PE ratio of 8.84 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The business has a fifty day moving average price of $80.95 and a two-hundred day moving average price of $68.47. HF Sinclair Corporation has a fifty-two week low of $45.42 and a fifty-two week high of $96.76.

HF Sinclair (NYSE:DINO) last released its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The company had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same period in the prior year, the firm posted $1.10 EPS. HF Sinclair’s quarterly revenue was up 53.2% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be given a dividend of $0.525 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is currently 20.04%.

Insider Activity

In other news, Director Rhoman J. Hardy acquired 1,508 shares of HF Sinclair stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the purchase, the director directly owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Matthew Joyce sold 2,384 shares of the firm’s 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 transaction, the senior vice president directly owned 14,797 shares in the company, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 11,955 shares of company stock valued at $968,455. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DINO. Morgan Stanley upped their price target on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Raymond James Financial set a $105.00 price target on HF Sinclair in a report on Wednesday, July 29th. TD Cowen boosted their price target on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Finally, Mizuho upped their price objective on HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

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.