Hsbc Holdings PLC Buys 108,263 Shares of HF Sinclair Corporation $DINO

Hsbc Holdings PLC boosted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 227.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,946 shares of the company’s stock after buying an additional 108,263 shares during the period. Hsbc Holdings PLC’s holdings in HF Sinclair were worth $7,176,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in HF Sinclair in the fourth quarter worth $26,000. REAP Financial Group LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at $29,000. State of Wyoming bought a new position in shares of HF Sinclair during the second quarter valued at $41,000. IFC & Insurance Marketing Inc. purchased a new position in shares of HF Sinclair in the 4th quarter worth about $43,000. Finally, Torren Management LLC purchased a new position in shares of HF Sinclair in the 4th quarter worth about $55,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insiders Place Their Bets

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the sale, the director directly owned 16,543 shares of the company’s stock, valued at $1,209,127.87. This trade represents a 3.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of HF Sinclair 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 sale, the executive vice president owned 43,098 shares in the company, valued at approximately $2,975,916.90. The trade was a 18.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,736 shares of company stock worth $954,694 over the last ninety days. 0.26% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Scotiabank upped 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 note on Wednesday, April 22nd. Freedom Capital raised shares of HF Sinclair to a “hold” rating in a research report on Friday, June 5th. UBS Group increased their price objective 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. Raymond James Financial boosted their target price on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 25th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $71.64.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $68.21 on Friday. The company has a market capitalization of $12.30 billion, a price-to-earnings ratio of 10.26 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The stock’s 50-day simple moving average is $67.71 and its 200-day simple moving average is $58.40. HF Sinclair Corporation has a 52 week low of $40.43 and a 52 week high of $74.72.

HF Sinclair (NYSE:DINO) last released its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.75. The firm 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%.The firm’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.27) earnings per share. As a group, analysts expect that HF Sinclair Corporation will post 8.9 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, May 11th. HF Sinclair’s dividend payout ratio is presently 30.08%.

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.