American Trust Investment Advisors LLC Invests $830,000 in HF Sinclair Corporation $DINO

Key Points

• American Trust Investment Advisors LLC has purchased 25,250 shares of HF Sinclair Corporation, valued at approximately $830,000, marking a new position for the firm.
• HF Sinclair recently reported $1.70 earnings per share for the quarter, surpassing analysts' expectations, although its revenue declined 13.5% year-over-year to $6.78 billion.
• The company announced a quarterly dividend of $0.50 per share with an ex-dividend date on August 21st, leading to an annualized dividend yield of 3.8%.

American Trust Investment Advisors LLC purchased a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,250 shares of the company's stock, valued at approximately $830,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in shares of HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after buying an additional 1,337,093 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of HF Sinclair by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company's stock worth $194,888,000 after buying an additional 415,206 shares during the last quarter. Southeastern Asset Management Inc. TN bought a new position in shares of HF Sinclair in the 4th quarter worth $96,344,000. Fuller & Thaler Asset Management Inc. increased its holdings in shares of HF Sinclair by 1.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company's stock worth $83,638,000 after buying an additional 36,592 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of HF Sinclair by 46.4% during the 1st quarter. Invesco Ltd. now owns 1,927,890 shares of the company's stock valued at $63,389,000 after purchasing an additional 610,688 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the sale, the executive vice president directly owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.34% of the company's stock.

HF Sinclair Trading Down 0.9%

DINO traded down $0.47 during trading on Friday, hitting $51.09. 1,614,597 shares of the stock traded hands, compared to its average volume of 2,113,323. The firm has a market capitalization of $9.56 billion, a P/E ratio of -111.07 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The firm has a 50-day moving average of $45.59 and a 200 day moving average of $37.98. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $52.86.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.61. The business had revenue of $6.78 billion during the quarter, compared to analysts' expectations of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 EPS. Equities research analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is currently -434.78%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Raymond James Financial raised shares of HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 target price on the stock in a report on Tuesday, July 15th. Scotiabank increased their target price on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Piper Sandler lowered shares of HF Sinclair from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $53.00 to $51.00 in a report on Tuesday, July 22nd. Finally, Wolfe Research lowered shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.55.

HF Sinclair Profile

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.