Summit Street Capital Management LLC Invests $18.32 Million in HF Sinclair Corporation $DINO

Summit Street Capital Management LLC bought a new stake in HF Sinclair Corporation (NYSE:DINO) during the second quarter, HoldingsChannel reports. The firm bought 263,017 shares of the company’s stock, valued at approximately $18,319,000. HF Sinclair accounts for approximately 2.6% of Summit Street Capital Management LLC’s investment portfolio, making the stock its 21st largest position.

Other hedge funds have also bought and sold shares of the company. Virtus Investment Advisers LLC increased its holdings in HF Sinclair by 5.9% in the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after buying an additional 195 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of HF Sinclair by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after acquiring an additional 210 shares in the last quarter. Parallel Advisors LLC grew its position in shares of HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after acquiring an additional 221 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of HF Sinclair by 4.7% in the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after acquiring an additional 228 shares during the last quarter. Finally, Unison Advisors LLC raised its position in shares of HF Sinclair by 1.0% during the 1st quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock valued at $1,469,000 after acquiring an additional 234 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of DINO opened at $96.77 on Thursday. HF Sinclair Corporation has a one year low of $45.71 and a one year high of $98.39. The stock’s fifty day moving average is $83.19 and its 200-day moving average is $69.62. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The firm has a market capitalization of $17.20 billion, a price-to-earnings ratio of 9.23 and a beta of 0.70.

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

HF Sinclair Increases Dividend

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

Insider Activity

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 price of $66.32 per share, with a total value of $100,010.56. Following the transaction, 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 company insiders.

Analyst Ratings Changes

DINO has been the subject of several recent research reports. Barclays boosted their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Evercore started coverage on shares of HF Sinclair in a research note on Friday, July 17th. They set an “in-line” rating and a $85.00 price objective on the stock. Finally, Morgan Stanley raised their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Two 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 given a Sell rating to the company. Based on data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus price target 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.