Vise Technologies Inc. Takes $711,000 Position in HF Sinclair Corporation $DINO

Vise Technologies Inc. acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, Holdings Channel reports. The fund acquired 10,201 shares of the company’s stock, valued at approximately $711,000.

Several other institutional investors also recently modified their holdings of the stock. BlackRock Inc. bought a new stake in HF Sinclair during the second quarter valued at approximately $1,291,602,000. Bank of New York Mellon Corp bought a new position in shares of HF Sinclair in the 2nd quarter worth $140,654,000. NFJ Investment Group LLC increased its holdings in shares of HF Sinclair by 1,275.3% in the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after buying an additional 1,737,318 shares during the last quarter. Invesco Ltd. raised its position in shares of HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after buying an additional 994,090 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of HF Sinclair by 101.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock valued at $82,712,000 after buying an additional 903,177 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $97.13 on Monday. The stock has a market cap of $17.27 billion, a PE ratio of 9.27 and a beta of 0.70. The company’s fifty day moving average is $81.48 and its 200 day moving average is $68.79. HF Sinclair Corporation has a 52 week low of $45.71 and a 52 week high of $97.63. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27.

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

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 annualized dividend and a yield of 2.2%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is currently 20.04%.

Insider Buying and Selling

In related news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares in the company, valued at $3,599,809.38. This represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 11,955 shares of company stock valued at $968,455. 0.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DINO. Mizuho increased their target price on HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Morgan Stanley lifted their price target on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Weiss Ratings raised HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $114.00 target price on shares of HF Sinclair in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.25.

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.