Nykredit A S Purchases New Position in HF Sinclair Corporation $DINO

Nykredit A S acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,247 shares of the company’s stock, valued at approximately $435,000.

Several other hedge funds and other institutional investors have also bought and sold shares of DINO. Kingsview Wealth Management LLC grew its stake in HF Sinclair by 1,451.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock valued at $2,827,000 after acquiring an additional 57,391 shares during the period. BlackRock Inc. bought a new stake in shares of HF Sinclair in the second quarter worth about $1,291,602,000. Jefferies Financial Group Inc. acquired a new stake in shares of HF Sinclair during the fourth quarter worth about $6,194,000. Energy Income Partners LLC acquired a new stake in shares of HF Sinclair during the second quarter worth about $5,210,000. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of 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.

Insider Buying and Selling

In other news, Director Rhoman J. Hardy purchased 1,508 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of $66.32 per share, with a total value of $100,010.56. Following the completion of the transaction, the director owned 15,037 shares of the company’s stock, valued at $997,253.84. The trade was a 11.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction dated 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 of the company’s stock, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.26% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $108.41 on Wednesday. The stock has a market capitalization of $19.27 billion, a price-to-earnings ratio of 10.34 and a beta of 0.71. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $109.86. The firm has a fifty day simple moving average of $89.83 and a 200 day simple moving average of $72.55. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The company had revenue of $10.39 billion during 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 quarterly revenue was up 53.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 EPS. Research analysts forecast that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were given a dividend of $0.525 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 1.9%. HF Sinclair’s payout ratio is presently 20.04%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 price objective on shares of HF Sinclair in a research report on Wednesday, July 29th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Barclays raised their price objective on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Two 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.25.

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.