United Services Automobile Association Invests $328,000 in HF Sinclair Corporation $DINO

Key Points

• United Services Automobile Association has acquired 9,907 shares of HF Sinclair Corporation ($DINO), valued at approximately $328,000, during the first quarter.
• HF Sinclair recently reported an earnings per share (EPS) of $1.70 for the last quarter, exceeding analyst expectations but showing a revenue decline of 13.5% compared to the same period last year.
• The company announced a quarterly dividend of $0.50 per share, yielding an annualized rate of 3.9%, although its dividend payout ratio is currently -434.78%.

United Services Automobile Association purchased a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,907 shares of the company's stock, valued at approximately $328,000.

Several other large investors have also modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake 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 valued at $269,142,000 after purchasing an additional 1,337,093 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $194,888,000 after purchasing an additional 415,206 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of HF Sinclair by 109.8% in the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock valued at $163,951,000 after purchasing an additional 2,609,857 shares during the last quarter. Southeastern Asset Management Inc. TN acquired a new position in shares of HF Sinclair in the 4th quarter valued at $96,344,000. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in HF Sinclair by 1.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company's stock worth $83,638,000 after acquiring an additional 36,592 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Stock Up 1.0%

DINO stock traded up $0.51 during mid-day trading on Thursday, reaching $53.14. The company had a trading volume of 1,821,690 shares, compared to its average volume of 2,316,248. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The company has a market capitalization of $9.94 billion, a price-to-earnings ratio of -115.52 and a beta of 1.07. The firm has a fifty day simple moving average of $47.03 and a 200 day simple moving average of $38.98. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $53.33.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The business 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 business posted $0.78 EPS. The business's revenue for the quarter was down 13.5% on a year-over-year basis. Analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is -434.78%.

Insider Buying and Selling 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 stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the sale, the executive vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DINO shares. Morgan Stanley increased their target price on HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Wolfe Research lowered HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. The Goldman Sachs Group increased their target price on HF Sinclair from $54.00 to $61.00 and gave the stock a "buy" rating in a research note on Thursday. TD Cowen increased their target price on HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of HF Sinclair in a research note on Tuesday, September 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $53.25.

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.