Energy Income Partners LLC Buys Shares of 74,808 HF Sinclair Corporation $DINO

Energy Income Partners LLC purchased a new stake in shares of HF Sinclair Corporation (NYSE:DINO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 74,808 shares of the company’s stock, valued at approximately $5,210,000.

A number of other hedge funds have also modified their holdings of DINO. REAP Financial Group LLC acquired a new stake in HF Sinclair during the fourth quarter valued at $29,000. Clearstead Trust LLC purchased a new position in HF Sinclair in the second quarter valued at about $33,000. Nalls Sherbakoff Group LLC acquired a new position in HF Sinclair in the 4th quarter worth about $36,000. Fairway Wealth LLC purchased a new stake in shares of HF Sinclair during the 1st quarter worth about $41,000. Finally, State of Wyoming purchased a new stake in shares of HF Sinclair during the 2nd quarter worth about $41,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Up 0.8%

DINO stock opened at $95.72 on Wednesday. The stock has a market capitalization of $17.02 billion, a price-to-earnings ratio of 9.13 and a beta of 0.70. The company has a 50-day moving average of $80.02 and a two-hundred day moving average of $67.88. HF Sinclair Corporation has a 52-week low of $44.70 and a 52-week high of $95.85. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same period in the previous year, the company posted $1.10 earnings per share. The firm’s revenue for the quarter was up 53.2% on a year-over-year basis. As a group, equities research analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 annualized dividend and a yield of 2.2%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is presently 20.04%.

Wall Street Analysts Forecast Growth

DINO has been the subject of several recent research reports. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Morgan Stanley raised their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Barclays lifted their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Mizuho increased their target price on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, UBS Group boosted their price target on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $81.25.

Insiders Place Their Bets

In other HF Sinclair news, Director Rhoman J. Hardy acquired 1,508 shares of HF Sinclair stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, with a total value of $100,010.56. Following the completion of the transaction, the director owned 15,037 shares of the company’s stock, valued at $997,253.84. The trade was a 11.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the sale, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 11,955 shares of company stock valued at $968,455. Corporate insiders own 0.26% of the company’s stock.

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.