Aristeia Capital L.L.C. Buys Shares of 64,195 HF Sinclair Corporation $DINO

Aristeia Capital L.L.C. bought a new stake in HF Sinclair Corporation (NYSE:DINO) in the fourth quarter, HoldingsChannel reports. The fund bought 64,195 shares of the company’s stock, valued at approximately $2,958,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Armistice Capital LLC acquired a new position in HF Sinclair in the fourth quarter valued at about $322,000. Guggenheim Capital LLC grew its stake in HF Sinclair by 6.2% in the fourth quarter. Guggenheim Capital LLC now owns 69,633 shares of the company’s stock valued at $3,209,000 after acquiring an additional 4,071 shares during the period. Ritter Alpha LP acquired a new position in HF Sinclair in the fourth quarter valued at about $218,000. PDT Partners LLC acquired a new position in HF Sinclair in the fourth quarter valued at about $1,318,000. Finally, J. Goldman & Co LP acquired a new position in HF Sinclair in the fourth quarter valued at about $7,751,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Rhoman J. Hardy purchased 1,508 shares of HF Sinclair stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of $66.32 per share, with a total value of $100,010.56. Following the completion of the transaction, the director owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This trade represents a 11.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $69.05, for a total value of $690,500.00. Following the transaction, the executive vice president directly owned 43,098 shares of the company’s stock, valued at $2,975,916.90. This trade represents a 18.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 13,736 shares of company stock valued at $954,694. Corporate insiders own 0.26% of the company’s stock.

HF Sinclair Price Performance

NYSE DINO opened at $65.91 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. HF Sinclair Corporation has a 12-month low of $40.09 and a 12-month high of $74.72. The company has a market capitalization of $11.88 billion, a PE ratio of 9.91 and a beta of 0.72. The firm’s 50 day moving average is $66.61 and its 200-day moving average is $57.75.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the firm posted ($0.27) earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts anticipate that HF Sinclair Corporation will post 8.99 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 3.0%. HF Sinclair’s dividend payout ratio is 30.08%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Mizuho reissued a “neutral” rating and issued a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. Freedom Capital raised HF Sinclair to a “hold” rating in a research note on Friday, June 5th. The Goldman Sachs Group reissued a “buy” rating and issued a $81.00 target price on shares of HF Sinclair in a research note on Wednesday, May 6th. Zacks Research cut HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, UBS Group upped 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and an average price target of $71.64.

HF Sinclair Company 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.