HF Sinclair Corporation $DINO Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its position in HF Sinclair Corporation (NYSE:DINO) by 1.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,249,939 shares of the company’s stock after acquiring an additional 103,135 shares during the period. Dimensional Fund Advisors LP owned about 0.05% of HF Sinclair worth $577,114,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DINO. NFJ Investment Group LLC lifted its holdings in HF Sinclair by 1,275.3% during the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after purchasing an additional 1,737,318 shares in the last quarter. Invesco Ltd. lifted its stake in HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after purchasing an additional 994,090 shares in the last quarter. Victory Capital Management Inc. boosted its stake in HF Sinclair by 101.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock worth $82,712,000 after buying an additional 903,177 shares during the last quarter. Merewether Investment Management LP acquired a new position in shares of HF Sinclair during the 3rd quarter valued at about $35,717,000. Finally, Renaissance Technologies LLC boosted its holdings in HF Sinclair by 75.1% in the 4th quarter. Renaissance Technologies LLC now owns 1,418,447 shares of the company’s stock valued at $65,362,000 after purchasing an additional 608,472 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO stock opened at $90.47 on Tuesday. The stock has a market capitalization of $16.31 billion, a PE ratio of 13.60 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The stock’s 50-day moving average price is $72.14 and its 200 day moving average price is $61.94. HF Sinclair Corporation has a 52-week low of $42.16 and a 52-week high of $91.45.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.27) earnings per share. As a group, equities research analysts forecast that HF Sinclair Corporation will post 10.27 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is 30.08%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the completion of the sale, the chief financial officer owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was 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 in the company, valued at approximately $1,209,127.87. This trade represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,736 shares of company stock valued at $954,694 in the last three months. Insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on DINO shares. Freedom Capital upgraded HF Sinclair to a “hold” rating in a report on Friday, June 5th. Scotiabank boosted their price target on shares of HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group restated a “buy” rating and set a $81.00 target price on shares of HF Sinclair in a research note on Wednesday, May 6th. Weiss Ratings raised HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Mizuho reiterated a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and a consensus target price of $75.17.

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.