Kingsview Wealth Management LLC Makes New Investment in HF Sinclair Corporation $DINO

Kingsview Wealth Management LLC acquired a new stake in HF Sinclair Corporation (NYSE:DINO) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 7,996 shares of the company’s stock, valued at approximately $557,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Beacon Pointe Advisors LLC purchased a new stake in shares of HF Sinclair during the second quarter worth about $308,000. Empowered Funds LLC purchased a new position in HF Sinclair during the 2nd quarter valued at about $16,311,000. United Capital Financial Advisors LLC purchased a new position in HF Sinclair during the 2nd quarter valued at about $373,000. Pacific Heights Asset Management LLC bought a new position in HF Sinclair during the 2nd quarter valued at approximately $31,342,000. Finally, Public Employees Retirement System of Ohio bought a new position in HF Sinclair during the 2nd quarter valued at approximately $3,739,000. 88.29% of the stock is owned by institutional investors.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Rhoman J. Hardy bought 1,508 shares of the company’s stock in a transaction dated 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 acquisition, the director owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the sale, the director directly owned 16,543 shares in the company, valued at $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DINO shares. UBS Group lifted their price objective on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Morgan Stanley raised their price target on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. 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. Finally, Barclays upped their price objective on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Two research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

HF Sinclair Stock Up 0.2%

DINO stock opened at $99.90 on Monday. HF Sinclair Corporation has a fifty-two week low of $45.71 and a fifty-two week high of $100.13. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 9.53 and a beta of 0.70. The business’s 50 day moving average price is $84.56 and its two-hundred day moving average price is $70.18. 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 released its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 18.21% and a net margin of 6.13%.The firm’s revenue for the quarter was up 53.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. As a group, analysts forecast that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently disclosed 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. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s 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.