HF Sinclair Corporation $DINO Shares Bought by Artemis Investment Management LLP

Artemis Investment Management LLP increased its stake in HF Sinclair Corporation (NYSE:DINO) by 33.6% during the third quarter, HoldingsChannel.com reports. The fund owned 439,739 shares of the company’s stock after buying an additional 110,661 shares during the period. Artemis Investment Management LLP’s holdings in HF Sinclair were worth $47,193,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of HF Sinclair by 4.7% during the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after buying an additional 228 shares during the last quarter. Unison Advisors LLC lifted its stake in shares of HF Sinclair by 1.0% in the 1st quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock valued at $1,469,000 after acquiring an additional 234 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of HF Sinclair by 31.2% during the 2nd quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock valued at $69,000 after acquiring an additional 234 shares in the last quarter. Inspire Investing LLC boosted its holdings in shares of HF Sinclair by 13.1% during the 1st quarter. Inspire Investing LLC now owns 2,395 shares of the company’s stock valued at $149,000 after acquiring an additional 277 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its position in HF Sinclair by 5.4% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,794 shares of the company’s stock worth $404,000 after acquiring an additional 295 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the business’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 transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.

HF Sinclair Trading Up 3.6%

Shares of DINO stock traded up $4.17 during mid-day trading on Thursday, hitting $119.80. The company’s stock had a trading volume of 966,772 shares, compared to its average volume of 2,686,054. HF Sinclair Corporation has a 52 week low of $45.71 and a 52 week high of $120.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The company’s fifty day simple moving average is $101.24 and its 200-day simple moving average is $80.83. The company has a market cap of $21.30 billion, a PE ratio of 11.44 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same quarter in the prior year, the business earned $1.10 earnings per share. The business’s quarterly revenue was up 53.2% compared to the same quarter last year. As a group, equities research analysts expect that HF Sinclair Corporation will post 18.15 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were given a $0.5250 dividend. This represents a $2.10 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is 20.04%.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of recent research reports. Wells Fargo & Company upped their target price on HF Sinclair from $67.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. 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 report on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating and issued a $114.00 price target on shares of HF Sinclair in a research report on Wednesday, July 29th. Finally, Mizuho lifted their price target on shares of HF Sinclair from $85.00 to $119.00 and gave the stock a “neutral” rating in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and an average price target of $97.67.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.