First Trust Advisors LP Purchases 640,455 Shares of HF Sinclair Corporation $DINO

First Trust Advisors LP increased its holdings in HF Sinclair Corporation (NYSE:DINO) by 161.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 1,037,059 shares of the company’s stock after purchasing an additional 640,455 shares during the period. First Trust Advisors LP’s holdings in HF Sinclair were worth $64,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in HF Sinclair by 2.7% in 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 in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 acquiring an additional 103,135 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of HF Sinclair by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock worth $293,260,000 after acquiring an additional 48,103 shares during the last quarter. State Street Corp raised its holdings in shares of HF Sinclair by 0.4% during the 4th quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after buying an additional 22,150 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in HF Sinclair by 13.7% in the 4th quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock worth $200,880,000 after buying an additional 523,709 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity

In related news, CFO Vivek Garg sold 717 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 11,475 shares in the company, valued at approximately $824,937.75. The trade was a 5.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Rhoman J. Hardy bought 1,508 shares of HF Sinclair stock in a transaction on Tuesday, June 16th. The shares were acquired at an average cost of $66.32 per share, with a total value of $100,010.56. Following the completion of the acquisition, the director owned 15,037 shares of the company’s stock, valued at $997,253.84. The trade was a 11.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have sold 13,736 shares of company stock worth $954,694. Company insiders own 0.26% of the company’s stock.

HF Sinclair Price Performance

NYSE DINO opened at $88.39 on Friday. The stock has a market capitalization of $15.93 billion, a price-to-earnings ratio of 13.29 and a beta of 0.72. HF Sinclair Corporation has a 1-year low of $42.16 and a 1-year high of $93.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The business’s fifty day moving average price is $73.75 and its 200-day moving average price is $63.05.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.HF Sinclair’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.27) earnings per share. On average, equities analysts predict that HF Sinclair Corporation will post 11.15 earnings per share 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 paid a dividend of $0.50 per share. 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 payout ratio is currently 30.08%.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of analyst reports. TD Cowen lifted their price target on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Raymond James Financial reiterated a “strong-buy” rating on shares of HF Sinclair in a report on Monday, July 13th. Weiss Ratings cut HF Sinclair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, UBS Group increased their price target on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $79.08.

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.