Pingora Partners LLC Purchases New Stake in HF Sinclair Corporation $DINO

Pingora Partners LLC acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 55,880 shares of the company’s stock, valued at approximately $3,892,000. HF Sinclair accounts for approximately 2.3% of Pingora Partners LLC’s portfolio, making the stock its 5th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DINO. Goldman Sachs Group Inc. lifted its stake in shares of 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 purchasing an additional 119,832 shares during the period. Focus Partners Wealth increased its holdings in HF Sinclair by 71.7% in the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after buying an additional 8,102 shares in the last quarter. Amundi increased its holdings in HF Sinclair by 7.7% in the second quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after buying an additional 12,387 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of HF Sinclair during the 2nd quarter valued at approximately $209,000. Finally, Cerity Partners LLC lifted its position in shares of HF Sinclair by 25.7% during the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after acquiring an additional 29,635 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Morgan Stanley lifted their price objective on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Weiss Ratings upgraded HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Barclays raised their price target on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 29th. Two 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 currently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

Insiders Place Their Bets

In related news, Director Rhoman J. Hardy purchased 1,508 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average price 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 approximately $997,253.84. This represents a 11.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the sale, the director owned 16,543 shares in the company, valued at $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.26% of the stock is currently owned by company insiders.

HF Sinclair Stock Up 3.8%

Shares of NYSE DINO opened at $96.77 on Thursday. The firm’s 50-day moving average is $83.19 and its two-hundred day moving average is $69.62. The company has a market capitalization of $17.20 billion, a PE ratio of 9.23 and a beta of 0.70. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $98.39. 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 issued its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.68 billion. During the same period last year, the company posted $1.10 EPS. The company’s revenue was up 53.2% on a year-over-year basis. Equities analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

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

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.