Ieq Capital LLC Takes $19.74 Million Position in HF Sinclair Corporation $DINO

Ieq Capital LLC purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 283,389 shares of the company’s stock, valued at approximately $19,738,000. Ieq Capital LLC owned approximately 0.16% of HF Sinclair at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DINO. Goldman Sachs Group Inc. increased its holdings in HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after buying an additional 119,832 shares during the last quarter. Focus Partners Wealth lifted its holdings in HF Sinclair by 71.7% during the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after buying an additional 8,102 shares during the last quarter. Amundi lifted its holdings in HF Sinclair by 7.7% during the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after buying an additional 12,387 shares during the last quarter. Jump Financial LLC acquired a new position in shares of HF Sinclair in the 2nd quarter worth approximately $209,000. Finally, Cerity Partners LLC grew its position in shares of HF Sinclair by 25.7% in the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after acquiring an additional 29,635 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Trading Up 4.8%

Shares of NYSE DINO opened at $97.13 on Friday. The company has a market cap of $17.27 billion, a price-to-earnings ratio of 9.27 and a beta of 0.70. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $97.63. 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 stock’s 50 day simple moving average is $81.48 and its 200 day simple moving average is $68.67.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. The business had revenue of $10.39 billion during the quarter, compared to analyst estimates 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 for the quarter was up 53.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. Equities research analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s dividend payout ratio is presently 20.04%.

Analyst Ratings Changes

DINO has been the topic of several research reports. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. 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. Morgan Stanley increased their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Finally, Raymond James Financial set a $105.00 price target on shares of HF Sinclair in a report on Wednesday, July 29th. Two research 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 issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $81.25.

Insider Activity

In related news, 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 value of $755,806.88. Following the sale, the senior vice president owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the transaction, the director directly owned 16,543 shares of the company’s stock, valued at $1,209,127.87. The trade was a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 11,955 shares of company stock worth $968,455. 0.26% of the stock is owned by 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.