HF Sinclair Corporation $DINO Stock Holdings Trimmed by Van ECK Associates Corp

Van ECK Associates Corp lessened its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 39.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 95,943 shares of the company’s stock after selling 62,691 shares during the quarter. Van ECK Associates Corp owned about 0.05% of HF Sinclair worth $6,682,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DINO. Kingsview Wealth Management LLC raised its position in shares of HF Sinclair by 1,451.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock worth $2,827,000 after buying an additional 57,391 shares in the last quarter. BlackRock Inc. acquired a new position in shares of HF Sinclair during the second quarter valued at approximately $1,291,602,000. Jefferies Financial Group Inc. bought a new stake in HF Sinclair during the fourth quarter worth approximately $6,194,000. Energy Income Partners LLC acquired a new stake in HF Sinclair in the second quarter worth approximately $5,210,000. Finally, Hillsdale Investment Management Inc. boosted its stake in HF Sinclair by 317.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company’s stock valued at $3,871,000 after purchasing an additional 63,900 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Morgan Stanley boosted their price objective on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Mizuho boosted their price target on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. TD Cowen raised their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Finally, Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $83.42.

Insider Buying and Selling

In related news, SVP Dale Kunneman sold 8,936 shares of the company’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 value of $755,806.88. Following the completion of the sale, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy acquired 1,508 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of $66.32 per share, with a total value of $100,010.56. Following the purchase, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.26% of the stock is owned by insiders.

HF Sinclair Trading Up 2.0%

Shares of NYSE DINO opened at $106.09 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $107.31. The company has a market cap of $18.86 billion, a price-to-earnings ratio of 10.12 and a beta of 0.71. The business has a fifty day simple moving average of $86.84 and a 200-day simple moving average of $71.15.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.68 billion. During the same quarter last year, the business posted $1.10 EPS. HF Sinclair’s revenue was up 53.2% on a year-over-year basis. Sell-side analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.525 per share. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. 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. HF Sinclair’s dividend payout ratio (DPR) is presently 20.04%.

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.