85,643 Shares of HF Sinclair Corporation $DINO Acquired by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds acquired 85,643 HF Sinclair shares during the third quarter, valued at approximately $9.2 million. Institutional investors collectively own 88.29% of DINO.
• HF Sinclair reported quarterly EPS of $5.31, beating estimates by $0.82, while revenue rose 53.2% year over year to $10.39 billion.
• The company increased its quarterly dividend to $0.525 per share, or $2.10 annually, representing a 1.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $106.50.

Counterpoint Mutual Funds LLC acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 85,643 shares of the company's stock, valued at approximately $9,191,000.

Several other large investors also recently modified their holdings of DINO. Bullock Wealth Management Group bought a new stake in HF Sinclair during the third quarter worth $41,000. Clearstead Trust LLC bought a new stake in HF Sinclair in the second quarter worth approximately $33,000. Fairway Wealth LLC acquired a new position in shares of HF Sinclair during the 1st quarter valued at $41,000. Fortitude Family Office LLC grew its stake in shares of HF Sinclair by 112.6% in the 3rd quarter. Fortitude Family Office LLC now owns 674 shares of the company's stock valued at $72,000 after buying an additional 357 shares during the period. Finally, Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair in the fourth quarter valued at approximately $36,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Performance

HF Sinclair stock opened at $125.70 on Friday. The company has a market capitalization of $22.35 billion, a PE ratio of 11.99 and a beta of 0.72. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $129.37. The firm has a fifty day simple moving average of $106.50 and a two-hundred day simple moving average of $83.77. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.82. The company had revenue of $10.39 billion for the quarter, compared to analysts' expectations of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%. HF Sinclair's quarterly revenue was up 53.2% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. Research analysts expect that HF Sinclair Corporation will post 18.15 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were issued a dividend of $0.5250 per share. The ex-dividend date was Tuesday, August 11th. This is a positive change from HF Sinclair's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. HF Sinclair's dividend payout ratio (DPR) is 20.04%.

Insiders Place Their Bets

In other news, SVP Dale Kunneman sold 8,936 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the transaction, the senior vice president directly owned 42,561 shares in the company, valued at $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DINO. Wells Fargo & Company lifted their target price on HF Sinclair from $93.00 to $135.00 and gave the company an "equal weight" rating in a research report on Wednesday. Morgan Stanley lifted their target price on HF Sinclair from $78.00 to $127.00 and gave the stock an "overweight" rating in a research note on Monday, September 14th. UBS Group increased their target price on shares of HF Sinclair from $126.00 to $133.00 and gave the company a "buy" rating in a research report on Saturday, October 3rd. Barclays lifted their price objective on HF Sinclair from $86.00 to $122.00 and gave the stock an "equal weight" rating in a report on Monday, October 12th. Finally, Zacks Research upgraded shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $106.50.

About HF Sinclair

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.

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