Thomist Capital Management LP Takes Position in HF Sinclair Corporation $DINO

Thomist Capital Management LP bought a new position in HF Sinclair Corporation (NYSE:DINO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 97,063 shares of the company’s stock, valued at approximately $6,760,000. HF Sinclair makes up 2.1% of Thomist Capital Management LP’s portfolio, making the stock its 15th biggest holding. Thomist Capital Management LP owned approximately 0.05% of HF Sinclair at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DINO. Kingsview Wealth Management LLC grew its holdings in shares of HF Sinclair by 1,451.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock worth $2,827,000 after purchasing an additional 57,391 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of HF Sinclair in the fourth quarter valued at about $6,194,000. BlackRock Inc. bought a new position in shares of HF Sinclair in the second quarter valued at about $1,291,602,000. Hillsdale Investment Management Inc. raised its holdings in shares of HF Sinclair by 317.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company’s stock valued at $3,871,000 after buying an additional 63,900 shares during the last quarter. Finally, Energy Income Partners LLC acquired a new position in HF Sinclair during the 2nd quarter worth about $5,210,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Price Performance

Shares of DINO stock opened at $95.12 on Tuesday. The stock has a 50-day moving average price of $82.04 and a 200 day moving average price of $69.08. 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 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 Corporation has a 12 month low of $45.71 and a 12 month high of $98.39.

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, beating analysts’ consensus estimates of $4.49 by $0.82. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company’s revenue was up 53.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 EPS. Research analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s 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 shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the transaction, the director directly owned 16,543 shares in the company, valued at $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the transaction, the senior vice president directly owned 42,561 shares in the company, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on DINO shares. UBS Group increased their price objective on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Raymond James Financial set a $105.00 target price on shares of HF Sinclair in a research note on Wednesday, July 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $114.00 target price on shares of HF Sinclair in a research report on Wednesday, July 29th. Evercore assumed coverage on shares of HF Sinclair in a report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price target for the company. Finally, Barclays boosted their price objective on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $81.25.

About HF Sinclair

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.