Jupiter Asset Management Ltd. Invests $585,000 in HF Sinclair Corporation $DINO

Jupiter Asset Management Ltd. bought a new position in HF Sinclair Corporation (NYSE:DINO) during the 4th quarter, HoldingsChannel reports. The fund bought 12,698 shares of the company’s stock, valued at approximately $585,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of HF Sinclair by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after buying an additional 446,867 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of HF Sinclair by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after buying an additional 560,194 shares in the last quarter. LSV Asset Management lifted its stake in shares of HF Sinclair by 4.0% in the fourth quarter. LSV Asset Management now owns 3,399,427 shares of the company’s stock worth $156,646,000 after buying an additional 129,934 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of HF Sinclair by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 3,074,854 shares of the company’s stock worth $141,729,000 after buying an additional 235,463 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of HF Sinclair by 104.3% in the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after buying an additional 994,090 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Up 0.1%

Shares of HF Sinclair stock opened at $69.99 on Monday. The company has a market cap of $12.62 billion, a price-to-earnings ratio of 10.52 and a beta of 0.72. The company’s 50 day moving average is $64.29 and its 200 day moving average is $56.24. HF Sinclair Corporation has a twelve month low of $35.10 and a twelve 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.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The company had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. Research analysts anticipate that HF Sinclair Corporation will post 8.7 EPS for the current year.

HF Sinclair Announces Dividend

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

Insider Activity at HF Sinclair

In related news, EVP Valerie Pompa sold 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $69.05, for a total transaction of $690,500.00. Following the transaction, the executive vice president owned 43,098 shares in the company, valued at $2,975,916.90. This represents a 18.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vivek Garg sold 717 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was 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 owned 11,475 shares in the company, valued at $824,937.75. The trade was a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,101 shares of company stock worth $908,281 over the last quarter. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

DINO has been the topic of several analyst reports. UBS Group upped their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Mizuho reiterated a “neutral” rating and issued a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. Barclays upped their target price on shares of HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Argus upgraded shares of HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings upgraded shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.82.

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.