PCM Encore LLC Purchases Shares of 8,999 HF Sinclair Corporation $DINO

PCM Encore LLC purchased a new position in HF Sinclair Corporation (NYSE:DINO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,999 shares of the company’s stock, valued at approximately $627,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DINO. Virtus Investment Advisers LLC boosted its stake in HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after buying an additional 195 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of HF Sinclair by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after purchasing an additional 210 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after buying an additional 221 shares during the period. Blue Trust Inc. increased its position in HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after purchasing an additional 228 shares during the period. Finally, Unison Advisors LLC grew its position in shares of HF Sinclair by 1.0% during the 1st quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock worth $1,469,000 after buying an additional 234 shares during the period. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 2.1%

NYSE DINO opened at $92.60 on Friday. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of 8.84 and a beta of 0.70. The stock’s 50 day moving average price is $80.95 and its two-hundred day moving average price is $68.47. 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 52 week low of $45.42 and a 52 week high of $96.76.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. The company had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business’s quarterly revenue was up 53.2% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. As a group, analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be issued 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 annualized dividend and a yield of 2.3%. HF Sinclair’s dividend payout ratio is currently 20.04%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DINO. Mizuho increased their price target on HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. TD Cowen raised their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Freedom Capital cut shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, HF Sinclair currently has an average rating of “Moderate Buy” and a consensus target price of $81.25.

Insider Buying and Selling at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $46,412.15. Following the completion of the transaction, the director directly owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This trade represents a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 11,955 shares of company stock worth $968,455. Company insiders own 0.26% of the company’s stock.

HF Sinclair 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.