Gallacher Capital Management LLC Makes New Investment in HF Sinclair Corporation $DINO

Gallacher Capital Management LLC bought a new stake in shares of HF Sinclair Corporation (NYSE:DINO) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,676 shares of the company’s stock, valued at approximately $791,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DINO. Main Street Group LTD bought a new stake in shares of HF Sinclair in the first quarter worth $54,000. Bessemer Group Inc. boosted its position in HF Sinclair by 52.9% in the first quarter. Bessemer Group Inc. now owns 96,749 shares of the company’s stock worth $6,037,000 after purchasing an additional 33,468 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of HF Sinclair by 3.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,063,790 shares of the company’s stock valued at $128,760,000 after purchasing an additional 75,798 shares during the period. Illinois Municipal Retirement Fund purchased a new stake in shares of HF Sinclair during the 1st quarter valued at about $1,186,000. Finally, Sanctuary Advisors LLC lifted its stake in shares of HF Sinclair by 8.5% in the 1st quarter. Sanctuary Advisors LLC now owns 25,738 shares of the company’s stock worth $1,606,000 after purchasing an additional 2,018 shares during the period. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Up 3.4%

DINO stock opened at $86.79 on Friday. HF Sinclair Corporation has a twelve month low of $42.16 and a twelve month high of $87.28. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The stock has a market cap of $15.65 billion, a P/E ratio of 13.05 and a beta of 0.72. The business’s 50-day moving average price is $71.46 and its 200-day moving average price is $61.33.

HF Sinclair (NYSE:DINO) last released its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same period in the prior year, the firm posted ($0.27) EPS. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts forecast that HF Sinclair Corporation will post 10.27 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Monday, May 11th. HF Sinclair’s dividend payout ratio is presently 30.08%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on DINO shares. Freedom Capital upgraded shares of HF Sinclair to a “hold” rating in a research report on Friday, June 5th. Zacks Research downgraded shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Raymond James Financial reiterated a “strong-buy” rating on shares of HF Sinclair in a research report on Monday. Mizuho reiterated a “neutral” rating and set a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. Finally, Barclays boosted their price objective on shares of HF Sinclair from $71.00 to $81.00 and gave the company an “equal weight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average price target of $74.27.

Insider Transactions at HF Sinclair

In related news, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the transaction, the chief financial officer owned 11,475 shares in the company, valued at approximately $824,937.75. The trade was a 5.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the transaction, the senior vice president directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. This represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 13,736 shares of company stock valued at $954,694. Company 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.