Empowered Funds LLC Increases Stake in HF Sinclair Corporation $DINO

Empowered Funds LLC raised its position in HF Sinclair Corporation (NYSE:DINO) by 88.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 202,057 shares of the company’s stock after acquiring an additional 94,908 shares during the period. Empowered Funds LLC’s holdings in HF Sinclair were worth $12,606,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth about $26,000. REAP Financial Group LLC acquired a new stake in HF Sinclair in the fourth quarter valued at about $29,000. Fairway Wealth LLC acquired a new stake in HF Sinclair in the first quarter valued at about $41,000. Nalls Sherbakoff Group LLC purchased a new stake in HF Sinclair in the 4th quarter valued at approximately $36,000. Finally, Main Street Group LTD purchased a new stake in HF Sinclair in the 1st quarter valued at approximately $54,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction 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 sale, the senior vice president owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Manuel J. Fernandez sold 635 shares of the firm’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 transaction, the director owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,736 shares of company stock valued at $954,694 in the last 90 days. 0.26% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Freedom Capital raised HF Sinclair to a “hold” rating in a research note on Friday, June 5th. The Goldman Sachs Group restated a “buy” rating and issued a $114.00 price target on shares of HF Sinclair in a research note on Wednesday. TD Cowen increased their price objective on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Barclays boosted their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, HF Sinclair has an average rating of “Hold” and an average price target of $80.75.

HF Sinclair Price Performance

DINO stock opened at $90.00 on Thursday. The firm has a 50 day moving average of $74.89 and a 200-day moving average of $64.02. HF Sinclair Corporation has a 12-month low of $42.16 and a 12-month high of $94.22. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The company has a market cap of $16.22 billion, a price-to-earnings ratio of 8.59 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results 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 return on equity of 18.62% and a net margin of 6.13%.The business had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.68 billion. During the same quarter in the prior year, the firm posted $1.10 EPS. The company’s revenue was up 53.2% compared to the same quarter last year. As a group, equities analysts expect that HF Sinclair Corporation will post 11.15 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 2.3%. HF Sinclair’s dividend payout ratio (DPR) is presently 30.08%.

HF Sinclair News Roundup

Here are the key news stories impacting HF Sinclair this week:

• Positive Sentiment: Q2 results significantly exceeded expectations. HF Sinclair reported adjusted earnings of $5.31 per share, above the $4.49 consensus estimate, while revenue reached $10.39 billion versus expectations of $8.68 billion. Net income was $892 million, or $4.93 per diluted share, compared with $208 million, or $1.10 per share, a year earlier. Higher refining margins and increased throughput drove the improvement. Reuters: HF Sinclair beats quarterly profit estimates
• Positive Sentiment: Lubricants and Specialties separation could unlock value. HF Sinclair plans to pursue a tax-efficient separation of the business through the capital markets, creating an independent, publicly traded company. Management says the new entity would have a capital-light model and greater financial flexibility; the business includes lubricants associated with the company’s DINO-branded motor oil. Financial Post: HF Sinclair strategic transformation
• Positive Sentiment: Dividend increased 5%. The quarterly payout was raised to $0.525 per share from $0.50, with a 2.3% indicated yield. The dividend is payable September 2 to shareholders of record August 11. Business Wire: HF Sinclair second-quarter results and dividend increase
• Neutral Sentiment: HF Sinclair also plans to retire Canadian base-oil refining assets, a move intended to streamline the portfolio but potentially reducing some operating capacity.
• Negative Sentiment: Analysts have cautioned that the spinoff plan may be largely reflected in the stock’s valuation after the earnings-driven advance, limiting additional near-term upside.

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.