Delta Global Management LP Buys New Shares in HF Sinclair Corporation $DINO

Delta Global Management LP bought a new stake in shares of HF Sinclair Corporation (NYSE:DINO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 10,753 shares of the company’s stock, valued at approximately $495,000.

A number of other institutional investors also recently modified their holdings of DINO. L2 Asset Management LLC increased its position in HF Sinclair by 34.0% in the 4th quarter. L2 Asset Management LLC now owns 8,679 shares of the company’s stock valued at $400,000 after buying an additional 2,202 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in HF Sinclair by 1.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 41,672 shares of the company’s stock valued at $1,920,000 after buying an additional 560 shares in the last quarter. MML Investors Services LLC bought a new stake in HF Sinclair in the 4th quarter valued at about $1,631,000. Mariner LLC increased its position in HF Sinclair by 33.0% in the 4th quarter. Mariner LLC now owns 91,278 shares of the company’s stock valued at $4,209,000 after buying an additional 22,627 shares in the last quarter. Finally, NFJ Investment Group LLC increased its position in HF Sinclair by 1,275.3% in 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. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DINO. Freedom Capital raised 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. TD Cowen lifted their price target on shares of HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, May 4th. UBS Group lifted their price target on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Mizuho reissued a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and a consensus target price of $71.64.

HF Sinclair Trading Down 1.1%

NYSE DINO opened at $66.53 on Wednesday. HF Sinclair Corporation has a 12 month low of $40.09 and a 12 month high of $74.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $66.52 and a 200 day simple moving average of $57.65. The firm has a market capitalization of $11.99 billion, a P/E ratio of 10.00 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business had revenue of $7.12 billion during the quarter, compared to the consensus estimate 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, analysts predict that HF Sinclair Corporation will post 8.9 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed 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 yield of 3.0%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is presently 30.08%.

Insiders Place Their Bets

In related news, Director Rhoman J. Hardy acquired 1,508 shares of the stock in a transaction on Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the transaction, the director owned 15,037 shares in the company, valued at approximately $997,253.84. The trade was a 11.15% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the sale, the chief financial officer directly owned 11,475 shares in the company, valued at approximately $824,937.75. This represents a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is currently owned by insiders.

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.