FORA Capital LLC Takes $430,000 Position in HF Sinclair Corporation $DINO

Key Points

• FORA Capital LLC has acquired 13,069 shares of HF Sinclair Corporation (NYSE:DINO) during the first quarter, valuing their purchase at approximately $430,000.
• HF Sinclair reported $1.70 earnings per share last quarter, surpassing expectations of $1.09, although revenue fell 13.5% compared to the same period last year.
• The company has declared a quarterly dividend of $0.50 per share, representing an annual yield of 4.0% and scheduled for payment on September 4th.

FORA Capital LLC bought a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,069 shares of the company's stock, valued at approximately $430,000.

Several other institutional investors have also bought and sold shares of the stock. Harbour Investments Inc. boosted its stake in HF Sinclair by 15.0% in the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock valued at $78,000 after buying an additional 310 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in HF Sinclair by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock valued at $685,000 after buying an additional 379 shares in the last quarter. Bank & Trust Co boosted its stake in HF Sinclair by 8.7% in the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company's stock valued at $159,000 after buying an additional 389 shares in the last quarter. Financial Engines Advisors L.L.C. boosted its stake in HF Sinclair by 1.5% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company's stock valued at $876,000 after buying an additional 392 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in HF Sinclair by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company's stock valued at $1,473,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Trading Up 1.9%

DINO traded up $0.96 during trading on Tuesday, reaching $51.84. 1,536,924 shares of the company's stock were exchanged, compared to its average volume of 2,885,291. The company's fifty day moving average price is $44.76 and its 200-day moving average price is $37.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $52.02. The firm has a market capitalization of $9.70 billion, a PE ratio of -112.53 and a beta of 1.07.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.61. The firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The business's quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 EPS. As a group, equities analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be issued a $0.50 dividend. The ex-dividend date is Thursday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.9%. HF Sinclair's dividend payout ratio (DPR) is -434.78%.

Insiders Place Their Bets

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the sale, the executive vice president directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.28% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on DINO. Mizuho boosted their price target on HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Wells Fargo & Company raised their price target on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, June 11th. Morgan Stanley raised their price target on HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Barclays raised their target price on HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Finally, TD Cowen raised their target price on HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.55.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.