6,290 Shares in HF Sinclair Corporation $DINO Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 6,290 shares of the company's stock, valued at approximately $258,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DINO. Yousif Capital Management LLC lifted its holdings in HF Sinclair by 0.9% during the second quarter. Yousif Capital Management LLC now owns 62,068 shares of the company's stock valued at $2,550,000 after purchasing an additional 539 shares during the last quarter. CWM LLC lifted its holdings in HF Sinclair by 78.1% during the second quarter. CWM LLC now owns 112,573 shares of the company's stock valued at $4,625,000 after purchasing an additional 49,361 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in HF Sinclair by 113.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 39,372 shares of the company's stock valued at $1,618,000 after purchasing an additional 20,967 shares during the last quarter. IFP Advisors Inc lifted its holdings in HF Sinclair by 21.4% during the second quarter. IFP Advisors Inc now owns 1,694 shares of the company's stock valued at $71,000 after purchasing an additional 299 shares during the last quarter. Finally, Callan Family Office LLC purchased a new stake in HF Sinclair during the second quarter valued at about $412,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Trading Up 3.4%

Shares of DINO opened at $52.90 on Thursday. 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 business's 50-day moving average price is $50.98 and its 200-day moving average price is $42.28. The stock has a market cap of $9.90 billion, a PE ratio of -114.99 and a beta of 1.00. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $54.73.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $6.78 billion for 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%. HF Sinclair's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. On average, equities analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, August 21st. HF Sinclair's dividend payout ratio is -434.78%.

Analyst Upgrades and Downgrades

DINO has been the topic of several recent research reports. Zacks Research raised shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a report on Friday, October 3rd. Piper Sandler upped their price objective on shares of HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. Raymond James Financial reiterated a "strong-buy" rating and set a $65.00 price target (up from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Weiss Ratings reiterated a "hold (c-)" rating on shares of HF Sinclair in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price target on HF Sinclair from $54.00 to $61.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and an average target price of $58.36.

Insider Buying and Selling at HF Sinclair

In related news, EVP Valerie Pompa sold 11,000 shares of the company's 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 directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.34% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.