NFJ Investment Group LLC Purchases 1,737,318 Shares of HF Sinclair Corporation $DINO

NFJ Investment Group LLC increased its position in shares of HF Sinclair Corporation (NYSE:DINO) by 1,275.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,873,541 shares of the company’s stock after acquiring an additional 1,737,318 shares during the quarter. HF Sinclair makes up approximately 3.1% of NFJ Investment Group LLC’s holdings, making the stock its 3rd biggest holding. NFJ Investment Group LLC’s holdings in HF Sinclair were worth $86,333,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DINO. V Square Quantitative Management LLC acquired a new stake in HF Sinclair during the fourth quarter worth approximately $26,000. REAP Financial Group LLC acquired a new stake in HF Sinclair during the fourth quarter worth approximately $29,000. State of Wyoming acquired a new stake in HF Sinclair during the second quarter worth approximately $41,000. IFC & Insurance Marketing Inc. acquired a new stake in HF Sinclair during the fourth quarter worth approximately $43,000. Finally, Torren Management LLC acquired a new stake in HF Sinclair during the fourth quarter worth approximately $55,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $70.93 on Friday. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 10.67 and a beta of 0.72. The firm’s fifty day simple moving average is $66.27 and its 200 day simple moving average is $57.42. HF Sinclair Corporation has a twelve month low of $38.11 and a twelve month high of $74.72.

HF Sinclair (NYSE:DINO) last posted its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.27) EPS. As a group, equities research analysts expect that HF Sinclair Corporation will post 8.53 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 2.8%. HF Sinclair’s payout ratio is presently 30.08%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DINO. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Piper Sandler decreased their price target on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Barclays lifted their price target on shares of HF Sinclair from $61.00 to $71.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. 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, Mizuho reiterated a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a report on Wednesday, May 27th. Two investment 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 MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $71.64.

Insider Buying and Selling at HF Sinclair

In related news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair 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 transaction, the director owned 16,543 shares in the company, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the transaction, the senior vice president owned 14,797 shares in the company, valued at $1,031,794.81. The trade was a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 13,736 shares of company stock worth $954,694. 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.