Palo Duro Investment Partners LP Acquires Shares of 12,850 HF Sinclair Corporation $DINO

Palo Duro Investment Partners LP bought a new stake in HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,850 shares of the company’s stock, valued at approximately $895,000. HF Sinclair comprises approximately 0.2% of Palo Duro Investment Partners LP’s holdings, making the stock its 17th largest holding.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. REAP Financial Group LLC acquired a new position in HF Sinclair in the 4th quarter valued at about $29,000. Clearstead Trust LLC purchased a new stake in HF Sinclair during the 2nd quarter valued at approximately $33,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair during the 4th quarter worth approximately $36,000. Fairway Wealth LLC purchased a new position in shares of HF Sinclair in the 1st quarter valued at approximately $41,000. Finally, State of Wyoming purchased a new position in HF Sinclair during the 2nd quarter worth $41,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE DINO opened at $96.77 on Thursday. The business has a 50 day moving average price of $83.19 and a 200 day moving average price of $69.62. The company has a market capitalization of $17.20 billion, a P/E ratio of 9.23 and a beta of 0.70. HF Sinclair Corporation has a 1-year low of $45.71 and a 1-year 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.

HF Sinclair (NYSE:DINO) last posted its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.HF Sinclair’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 earnings per share. Sell-side analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be given a $0.525 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is presently 20.04%.

Insider Buying and Selling at HF Sinclair

In related news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction that occurred on 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 transaction, the director directly owned 16,543 shares in the company, valued at $1,209,127.87. The trade was a 3.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Rhoman J. Hardy bought 1,508 shares of HF Sinclair stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the purchase, the director owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.26% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on DINO shares. UBS Group lifted their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings raised shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Mizuho raised their price objective on shares of HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Raymond James Financial set a $105.00 price objective on HF Sinclair in a report on Wednesday, July 29th. Finally, Morgan Stanley boosted their target price on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. Two equities research 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

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.