Pallas Capital Advisors LLC Acquires New Shares in HF Sinclair Corporation $DINO

Pallas Capital Advisors LLC bought a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the second quarter, HoldingsChannel reports. The firm bought 31,080 shares of the company’s stock, valued at approximately $2,165,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Virtus Investment Advisers LLC raised its position in HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after buying an additional 195 shares during the last quarter. D.A. Davidson & CO. lifted its stake in HF Sinclair by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after acquiring an additional 210 shares in the last quarter. Parallel Advisors LLC boosted its position in HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after acquiring an additional 221 shares during the last quarter. Blue Trust Inc. grew its stake in shares of HF Sinclair by 4.7% during the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after acquiring an additional 228 shares in the last quarter. Finally, Unison Advisors LLC grew its stake in shares of HF Sinclair by 1.0% during the 1st quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock worth $1,469,000 after acquiring an additional 234 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction 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 transaction, the director directly owned 16,543 shares in the company, valued at $1,209,127.87. The trade was 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 this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the 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 in the company, valued at $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,955 shares of company stock worth $968,455 in the last quarter. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

DINO has been the topic of a number of research reports. Evercore started coverage on shares of HF Sinclair in a research report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price objective on the stock. Mizuho lifted their price target on shares of HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. TD Cowen boosted their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Finally, Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.25.

HF Sinclair Price Performance

NYSE:DINO opened at $94.88 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $79.50 and a 200 day simple moving average of $67.56. HF Sinclair Corporation has a 1-year low of $44.22 and a 1-year high of $95.59. The stock has a market capitalization of $16.87 billion, a PE ratio of 9.05 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last announced 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. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business’s revenue was up 53.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 earnings per share. On average, research analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be paid a $0.525 dividend. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.2%. HF Sinclair’s dividend payout ratio (DPR) is currently 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.