Convergence Investment Partners LLC Has $976,000 Stock Holdings in HF Sinclair Corporation $DINO

Convergence Investment Partners LLC trimmed its position in shares of HF Sinclair Corporation (NYSE:DINO) by 52.5% during the first quarter, HoldingsChannel reports. The firm owned 15,648 shares of the company’s stock after selling 17,329 shares during the quarter. Convergence Investment Partners LLC’s holdings in HF Sinclair were worth $976,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in HF Sinclair by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock worth $30,899,000 after buying an additional 119,832 shares during the period. Focus Partners Wealth grew its stake in HF Sinclair by 71.7% in the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after acquiring an additional 8,102 shares during the period. Amundi increased its holdings in shares of HF Sinclair by 7.7% in the second quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after acquiring an additional 12,387 shares in the last quarter. Jump Financial LLC bought a new stake in shares of HF Sinclair in the second quarter worth about $209,000. Finally, Cerity Partners LLC increased its holdings in shares of HF Sinclair by 25.7% in the second quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after acquiring an additional 29,635 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

DINO opened at $91.71 on Wednesday. The business’s 50-day moving average price is $72.55 and its two-hundred day moving average price is $62.26. HF Sinclair Corporation has a 1 year low of $42.16 and a 1 year high of $92.64. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 13.79 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.HF Sinclair’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) earnings per share. Equities analysts expect that HF Sinclair Corporation will post 10.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were paid a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.2%. HF Sinclair’s payout ratio is presently 30.08%.

Insider Activity

In other news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair 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 sale, the director directly owned 16,543 shares in the company, valued at $1,209,127.87. This trade represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $69.05, for a total transaction of $690,500.00. Following the completion of the sale, the executive vice president directly owned 43,098 shares in the company, valued at approximately $2,975,916.90. This represents a 18.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 13,736 shares of company stock worth $954,694. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DINO. The Goldman Sachs Group reiterated a “buy” rating and set a $81.00 price objective on shares of HF Sinclair in a report on Wednesday, May 6th. Raymond James Financial reissued a “strong-buy” rating on shares of HF Sinclair in a research note on Monday, July 13th. Mizuho restated a “neutral” rating and set a $79.00 target price (up from $67.00) on shares of HF Sinclair in a report on Wednesday, May 27th. Evercore started coverage on shares of HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 price target on the stock. Finally, TD Cowen upped their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.75.

HF Sinclair Company 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.