Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $1.72 Million in HF Sinclair Corporation $DINO

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in HF Sinclair Corporation (NYSE:DINO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 37,256 shares of the company’s stock, valued at approximately $1,717,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DINO. Invesco Ltd. lifted its position in shares of HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after purchasing an additional 994,090 shares during the period. Merewether Investment Management LP acquired a new position in shares of HF Sinclair in the 3rd quarter worth approximately $35,717,000. Dimensional Fund Advisors LP lifted its position in shares of HF Sinclair by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after purchasing an additional 560,194 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in shares of HF Sinclair by 151.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 902,091 shares of the company’s stock worth $47,215,000 after purchasing an additional 543,983 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of HF Sinclair by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after purchasing an additional 446,867 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insiders Place Their Bets

In other HF Sinclair news, EVP Valerie Pompa sold 10,000 shares of the firm’s stock in a transaction on 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 directly owned 43,098 shares of the company’s stock, valued at approximately $2,975,916.90. This trade represents a 18.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the transaction, the chief financial officer directly owned 11,475 shares in the company, valued at $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.26% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on DINO. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Wells Fargo & Company upped their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. 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 research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.91.

HF Sinclair Price Performance

Shares of DINO opened at $69.92 on Friday. The business’s fifty day moving average is $63.15 and its 200 day moving average is $55.69. HF Sinclair Corporation has a 12-month low of $34.77 and a 12-month high of $74.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The stock has a market cap of $12.61 billion, a P/E ratio of 10.51 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the previous year, the business posted ($0.27) EPS. HF Sinclair’s quarterly revenue was up 11.8% on a year-over-year basis. Sell-side analysts anticipate that HF Sinclair Corporation will post 8.9 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is 30.08%.

HF Sinclair 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.