Bessemer Group Inc. Raises Position in HF Sinclair Corporation $DINO

Bessemer Group Inc. grew its holdings in HF Sinclair Corporation (NYSE:DINO) by 52.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,749 shares of the company’s stock after acquiring an additional 33,468 shares during the period. Bessemer Group Inc. owned about 0.05% of HF Sinclair worth $6,037,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Kingsview Wealth Management LLC boosted its stake in shares of HF Sinclair by 1,451.5% in the 4th quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock valued at $2,827,000 after buying an additional 57,391 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of HF Sinclair during the fourth quarter worth approximately $6,194,000. Hillsdale Investment Management Inc. raised its holdings in HF Sinclair by 317.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company’s stock valued at $3,871,000 after acquiring an additional 63,900 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in HF Sinclair in the fourth quarter valued at approximately $1,717,000. Finally, Prudential PLC purchased a new position in HF Sinclair in the fourth quarter worth approximately $5,505,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DINO. TD Cowen lowered their price target on shares of HF Sinclair from $80.00 to $79.00 and set a “hold” rating for the company in a report on Monday, June 29th. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Wells Fargo & Company lifted their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. The Goldman Sachs Group reiterated a “buy” rating and set a $81.00 target price on shares of HF Sinclair in a research note on Wednesday, May 6th. Finally, Evercore began coverage on HF Sinclair in a report on Friday. They issued a “hold” rating and a $85.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $75.17.

Insiders Place Their Bets

In related news, Director Rhoman J. Hardy bought 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of $66.32 per share, with a total value of $100,010.56. Following the transaction, the director directly owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of HF Sinclair stock in a transaction on Friday, May 15th. The stock was sold at an average price of $69.05, for a total transaction of $690,500.00. Following the sale, the executive vice president owned 43,098 shares in the company, valued at $2,975,916.90. This represents a 18.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,736 shares of company stock worth $954,694. 0.26% of the stock is currently owned by company insiders.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $88.56 on Monday. The stock’s 50-day simple moving average is $71.79 and its 200-day simple moving average is $61.63. The firm has a market capitalization of $15.96 billion, a PE ratio of 13.32 and a beta of 0.72. HF Sinclair Corporation has a fifty-two week low of $42.16 and a fifty-two week high of $88.74. 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 (NYSE:DINO) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.27) earnings per share. As a group, equities research analysts forecast that HF Sinclair Corporation will post 10.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were issued a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. HF Sinclair’s dividend payout ratio is presently 30.08%.

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.