Geode Capital Management LLC Grows Position in HF Sinclair Corporation $DINO

Geode Capital Management LLC grew its stake in HF Sinclair Corporation (NYSE:DINO) by 8.3% during the 4th quarter, HoldingsChannel reports. The firm owned 3,074,854 shares of the company’s stock after buying an additional 235,463 shares during the quarter. Geode Capital Management LLC’s holdings in HF Sinclair were worth $141,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of DINO. V Square Quantitative Management LLC purchased a new stake in HF Sinclair in the 4th quarter worth approximately $26,000. State of Wyoming acquired a new position in shares of HF Sinclair during the 2nd quarter worth approximately $41,000. Torren Management LLC acquired a new position in shares of HF Sinclair during the 4th quarter worth approximately $55,000. CI Investments Inc. raised its stake in shares of HF Sinclair by 20.0% during the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after buying an additional 187 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of HF Sinclair by 21.2% during the 3rd quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock worth $74,000 after buying an additional 251 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Down 0.9%

NYSE DINO opened at $72.70 on Friday. The business has a fifty day moving average price of $65.26 and a 200 day moving average price of $56.73. HF Sinclair Corporation has a one year low of $35.29 and a one year high of $74.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. The company has a market cap of $13.10 billion, a P/E ratio of 10.93 and a beta of 0.72.

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

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is currently 30.08%.

Analyst Ratings Changes

DINO has been the subject of several research analyst reports. BMO Capital Markets reduced their target price on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Wells Fargo & Company upped their target price on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st. Barclays upped their target price on HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. TD Cowen upped their target price on HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Finally, UBS Group upped their target price on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.82.

Insider Transactions at HF Sinclair

In related news, CFO Vivek Garg sold 717 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the completion of the transaction, the chief financial officer directly owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This represents a 5.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of the 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 completion of the transaction, the executive vice president directly owned 43,098 shares of the company’s stock, valued at approximately $2,975,916.90. This represents a 18.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,736 shares of company stock valued at $954,694 in the last 90 days. 0.26% of the stock is owned by company insiders.

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.