Sanctuary Advisors LLC Makes New Investment in HF Sinclair Corporation $DINO

Sanctuary Advisors LLC bought a new position in HF Sinclair Corporation (NYSE:DINO) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 39,633 shares of the company’s stock, valued at approximately $2,760,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of HF Sinclair during the second quarter valued at approximately $1,291,602,000. Vanguard Group Inc. boosted its position in HF Sinclair by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after purchasing an additional 446,867 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in HF Sinclair by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock valued at $577,114,000 after purchasing an additional 103,135 shares during the period. Charles Schwab Investment Management Inc. grew its stake in HF Sinclair by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after purchasing an additional 48,103 shares during the period. Finally, State Street Corp grew its stake in HF Sinclair by 0.4% in the 4th quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after purchasing an additional 22,150 shares during the period. 88.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of recent analyst reports. Barclays lifted their target price on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $114.00 price objective 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 issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $93.44 on Wednesday. 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 has a fifty day simple moving average of $82.57 and a two-hundred day simple moving average of $69.33. HF Sinclair Corporation has a 1-year low of $45.71 and a 1-year high of $98.39. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of 8.92 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last issued its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm 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 business’s revenue was up 53.2% on a year-over-year basis. Analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

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

Insider Buying and Selling

In related news, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the sale, the director directly owned 16,543 shares in the company, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares in the company, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.26% of the stock is currently owned by insiders.

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.