AXQ Capital LP Takes Position in HF Sinclair Corporation $DINO

AXQ Capital LP purchased a new position in HF Sinclair Corporation (NYSE:DINO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 40,690 shares of the company’s stock, valued at approximately $1,875,000.

Other large investors also recently bought and sold shares of the company. Kingsview Wealth Management LLC increased its position 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 worth $2,827,000 after purchasing an additional 57,391 shares during the last quarter. Convergence Investment Partners LLC bought a new stake in HF Sinclair in the third quarter worth $1,408,000. Citigroup Inc. increased its position in HF Sinclair by 41.4% in the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock worth $23,298,000 after purchasing an additional 130,338 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in HF Sinclair in the fourth quarter worth $6,194,000. Finally, Dimensional Fund Advisors LP increased its position in 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 purchasing an additional 560,194 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Activity

In related news, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the sale, the senior vice president directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vivek Garg sold 717 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer directly owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 13,101 shares of company stock valued at $908,281. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Mizuho restated a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. Scotiabank boosted their price target on shares of HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. TD Cowen boosted their price target on shares of HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Wells Fargo & Company boosted their price target on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus target price of $70.82.

HF Sinclair Stock Up 1.4%

Shares of DINO opened at $70.86 on Tuesday. The firm has a market capitalization of $12.77 billion, a P/E ratio of 10.66 and a beta of 0.72. HF Sinclair Corporation has a 12-month low of $35.10 and a 12-month high of $74.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average price of $64.50 and a 200-day moving average price of $56.35.

HF Sinclair (NYSE:DINO) last issued its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.27) earnings per share. Equities research analysts expect that HF Sinclair Corporation will post 8.7 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, May 11th. HF Sinclair’s payout ratio is currently 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.