12,850 Shares in HF Sinclair Corporation $DINO Bought by Palo Duro Investment Partners LP

Palo Duro Investment Partners LP purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,850 shares of the company’s stock, valued at approximately $895,000. HF Sinclair accounts for 0.2% of Palo Duro Investment Partners LP’s investment portfolio, making the stock its 17th biggest position.

Several other large investors also recently bought and sold shares of DINO. BlackRock Inc. purchased a new position in shares of HF Sinclair in the 2nd quarter valued at about $1,291,602,000. Bank of New York Mellon Corp purchased a new position in HF Sinclair in the second quarter worth approximately $140,654,000. NFJ Investment Group LLC lifted its stake in HF Sinclair by 1,275.3% in the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after acquiring an additional 1,737,318 shares during the last quarter. Bank of America Corp DE acquired a new position in HF Sinclair during the 2nd quarter worth approximately $89,846,000. Finally, Invesco Ltd. increased its position in shares of HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after purchasing an additional 994,090 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In other news, Director Rhoman J. Hardy purchased 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the purchase, the director directly owned 15,037 shares of the company’s stock, valued at $997,253.84. This represents a 11.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. This represents a 17.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DINO shares. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. UBS Group raised their price target on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Finally, Raymond James Financial set a $105.00 target price on HF Sinclair in a research report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $96.77 on Thursday. The company’s fifty day moving average price is $83.19 and its 200 day moving average price is $69.62. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $98.39. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The firm has a market capitalization of $17.20 billion, a P/E ratio of 9.23 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. HF Sinclair’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 earnings per share. As a group, sell-side analysts predict that HF Sinclair Corporation will post 11.85 earnings per share 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. Stockholders of record on Tuesday, August 11th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Tuesday, August 11th. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is presently 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.