Jupiter Topco LLC Acquires Shares of 302,131 HF Sinclair Corporation $DINO

Jupiter Topco LLC acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 302,131 shares of the company’s stock, valued at approximately $21,046,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 during the 2nd quarter worth about $209,000. Finally, Cerity Partners LLC boosted 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 worth $5,959,000 after acquiring an additional 29,635 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Activity

In other news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Dale Kunneman sold 8,936 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were 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 owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.26% of the company’s stock.

HF Sinclair Stock Up 3.0%

DINO opened at $99.90 on Friday. The business’s 50-day simple moving average is $84.56 and its 200-day simple moving average is $70.10. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. HF Sinclair Corporation has a one year low of $45.71 and a one year high of $100.13. The stock has a market capitalization of $17.76 billion, a P/E ratio of 9.53 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last announced its earnings results 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 firm had revenue of $10.39 billion during the quarter, compared to analysts’ expectations 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 was up 53.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. Analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be paid a $0.525 dividend. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is presently 20.04%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DINO shares. Morgan Stanley raised their target price on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Barclays upped their price target on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Evercore began coverage on shares of HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 price target on the stock. Raymond James Financial set a $105.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. Finally, TD Cowen boosted their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.