Jupiter Asset Management Ltd. Takes $585,000 Position in HF Sinclair Corporation $DINO

Jupiter Asset Management Ltd. acquired a new stake in shares of HF Sinclair Corporation (NYSE:DINO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,698 shares of the company’s stock, valued at approximately $585,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at about $26,000. State of Wyoming bought a new position in shares of HF Sinclair during the second quarter valued at about $41,000. CI Investments Inc. raised its stake in shares of HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after acquiring an additional 187 shares during the last quarter. Torren Management LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at about $55,000. Finally, Employees Retirement System of Texas purchased a new position in shares of HF Sinclair during the third quarter valued at about $74,000. 88.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Barclays boosted their price target on shares of HF Sinclair from $61.00 to $71.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Scotiabank boosted their price target on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Mizuho reiterated a “neutral” rating and set a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. Argus upgraded shares of HF Sinclair to a “hold” rating in a research report on Tuesday, February 24th. Finally, Morgan Stanley set a $69.00 price target on shares of HF Sinclair in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.82.

HF Sinclair Price Performance

Shares of DINO opened at $69.99 on Monday. The stock has a market cap of $12.62 billion, a PE ratio of 10.52 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. HF Sinclair Corporation has a fifty-two week low of $35.10 and a fifty-two week high of $74.72. The firm’s 50-day simple moving average is $64.29 and its two-hundred day simple moving average is $56.24.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.27) earnings per share. Analysts anticipate that HF Sinclair Corporation will post 8.7 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Monday, May 11th. HF Sinclair’s dividend payout ratio is 30.08%.

Insiders Place Their Bets

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the sale, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vivek Garg sold 717 shares of the company’s 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 owned 11,475 shares in the company, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 13,101 shares of company stock worth $908,281. 0.26% of the stock is currently owned by company insiders.

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.