5,224 Shares in HF Sinclair Corporation $DINO Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. acquired 5,224 shares of HF Sinclair Corporation, valued at approximately $215,000, during the second quarter.
• The company reported earnings of $1.70 per share for the last quarter, exceeding the consensus estimate by $0.61, despite a 13.5% year-over-year revenue decline.
• HF Sinclair's stock received positive feedback from analysts, with several firms increasing their price targets, and it is currently rated as a "moderate buy" by market analysts.

QRG Capital Management Inc. acquired a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,224 shares of the company's stock, valued at approximately $215,000.

Other hedge funds also recently added to or reduced their stakes in the company. Hilltop National Bank purchased a new stake in shares of HF Sinclair during the second quarter valued at about $46,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of HF Sinclair by 11.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 147,321 shares of the company's stock valued at $6,052,000 after buying an additional 15,621 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of HF Sinclair during the second quarter valued at about $244,000. Greenleaf Trust purchased a new stake in shares of HF Sinclair during the second quarter valued at about $250,000. Finally, Poinciana Advisors Group LLC purchased a new stake in shares of HF Sinclair during the second quarter valued at about $350,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.28% of the company's stock.

HF Sinclair Stock Performance

DINO opened at $50.57 on Monday. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $54.73. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.46 billion, a P/E ratio of -109.93 and a beta of 1.00. The firm's 50-day moving average price is $49.67 and its 200-day moving average price is $41.29.

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

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.0%. The ex-dividend date was Thursday, August 21st. HF Sinclair's dividend payout ratio is -434.78%.

Wall Street Analysts Forecast Growth

Several analysts have commented on DINO shares. Piper Sandler increased their price target on shares of HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. Raymond James Financial reissued a "strong-buy" rating on shares of HF Sinclair in a research report on Tuesday, September 9th. Barclays increased their price target on shares of HF Sinclair from $45.00 to $54.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 1st. Wall Street Zen upgraded shares of HF Sinclair from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Scotiabank restated an "outperform" rating on shares of HF Sinclair in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.09.

HF Sinclair Company 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.

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