Navellier & Associates Inc. Invests $1.88 Million in HF Sinclair Corporation $DINO

Navellier & Associates Inc. bought a new stake in shares of HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,030 shares of the company’s stock, valued at approximately $1,883,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of HF Sinclair in the 2nd quarter worth $1,291,602,000. Bank of New York Mellon Corp purchased a new stake in shares of HF Sinclair during the 2nd quarter valued at about $140,654,000. NFJ Investment Group LLC raised its position in shares of HF Sinclair by 1,275.3% during the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after buying an additional 1,737,318 shares in the last quarter. Bank of America Corp DE bought a new position in shares of HF Sinclair in the 2nd quarter valued at about $89,846,000. Finally, Invesco Ltd. lifted its holdings in shares of HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after acquiring an additional 994,090 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling at HF Sinclair

In other news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Rhoman J. Hardy purchased 1,508 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were bought at an average cost of $66.32 per share, with a total value of $100,010.56. Following the purchase, the director directly owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DINO has been the topic of several analyst reports. Barclays boosted their price objective on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 target price on shares of HF Sinclair in a report on Wednesday, July 29th. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Finally, Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

HF Sinclair Stock Performance

DINO stock opened at $99.90 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $84.56 and its two-hundred day simple moving average is $70.10. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $100.13. The firm has a market cap of $17.76 billion, a price-to-earnings ratio of 9.53 and a beta of 0.70.

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

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

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.