Evolve Private Wealth LLC Buys New Stake in HF Sinclair Corporation $DINO

Evolve Private Wealth LLC bought a new stake in shares of HF Sinclair Corporation (NYSE:DINO) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 16,533 shares of the company’s stock, valued at approximately $1,152,000.

Other hedge funds also recently added to or reduced their stakes in the company. Emerald Investment Advisers LLC bought a new position in shares of HF Sinclair during the second quarter valued at approximately $352,000. Landscape Capital Management L.L.C. bought a new position in HF Sinclair during the 2nd quarter worth about $955,000. Ieq Capital LLC purchased a new stake in HF Sinclair during the second quarter worth $19,738,000. Callan Family Office LLC bought a new stake in HF Sinclair during the second quarter valued at about $843,000. Finally, Allworth Financial LP bought a new position in shares of HF Sinclair during the 2nd quarter worth approximately $359,000. 88.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 transaction, the director owned 16,543 shares in the company, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the sale, the senior vice president directly owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,955 shares of company stock worth $968,455 in the last three months. 0.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. TD Cowen boosted their price target on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Evercore assumed coverage on shares of HF Sinclair in a research note on Friday, July 17th. They set an “in-line” rating and a $85.00 price objective on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. UBS Group boosted their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, 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. Two equities research 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 given a Sell rating to the company. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

HF Sinclair Stock Performance

Shares of DINO stock opened at $97.13 on Monday. HF Sinclair Corporation has a one year low of $45.71 and a one year high of $97.63. The firm’s 50 day moving average price is $81.48 and its 200-day moving average price is $68.79. The firm has a market cap of $17.27 billion, a P/E ratio of 9.27 and a beta of 0.70. 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 (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. The business had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business’s revenue for the quarter was up 53.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share. As a group, equities research analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be given 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 of this dividend is Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. HF Sinclair’s dividend payout ratio is 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.