Infrastructure Capital Advisors LLC Takes $1.54 Million Position in HF Sinclair Corporation $DINO

Infrastructure Capital Advisors LLC acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 22,084 shares of the company’s stock, valued at approximately $1,538,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in HF Sinclair during the second quarter worth about $1,291,602,000. Vanguard Group Inc. grew its holdings in shares of HF Sinclair by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after purchasing an additional 446,867 shares during the period. Dimensional Fund Advisors LP increased its position in HF Sinclair by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock worth $577,114,000 after purchasing an additional 103,135 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in HF Sinclair by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after buying an additional 48,103 shares during the period. Finally, State Street Corp grew its stake in HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after buying an additional 22,150 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In related news, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the transaction, the senior vice president directly owned 14,797 shares in the company, valued at approximately $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the sale, the director directly owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 11,955 shares of company stock worth $968,455 over the last quarter. Company insiders own 0.26% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $97.13 on Monday. The business’s 50 day moving average is $81.48 and its two-hundred day moving average is $68.79. HF Sinclair Corporation has a 52-week low of $45.71 and a 52-week high of $97.63. The firm has a market cap of $17.27 billion, a price-to-earnings ratio of 9.27 and a beta of 0.70. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27.

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

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 annualized dividend and a yield of 2.2%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays lifted their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Raymond James Financial set a $105.00 price target on HF Sinclair in a report on Wednesday, July 29th. Mizuho boosted their target price on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. TD Cowen upped their target price on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th. Two 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 assigned a Sell rating to the stock. According to MarketBeat.com, HF Sinclair currently has an average rating of “Moderate Buy” and an average target price of $81.25.

About HF Sinclair

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.