Allstate Corp Buys Shares of 11,495 HF Sinclair Corporation $DINO

Key Points

• Allstate Corp has invested approximately $378,000 in HF Sinclair Corporation, acquiring 11,495 shares during the first quarter.
• HF Sinclair has seen investment positions from other large investors, with 88.29% of the stock currently owned by institutional investors.
• Analysts have raised various price targets for HF Sinclair, with a consensus target price of $50.55 and ratings ranging from "Strong Buy" to "Sell."

Allstate Corp purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,495 shares of the company's stock, valued at approximately $378,000.

A number of other institutional investors also recently added to or reduced their stakes in DINO. CWA Asset Management Group LLC bought a new stake in shares of HF Sinclair in the 1st quarter worth $421,000. Pacific Heights Asset Management LLC raised its stake in shares of HF Sinclair by 9.1% in the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock worth $7,891,000 after buying an additional 20,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of HF Sinclair by 72.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock worth $1,684,000 after buying an additional 21,597 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of HF Sinclair by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company's stock worth $42,399,000 after buying an additional 27,764 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of HF Sinclair by 7.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock worth $4,354,000 after buying an additional 9,070 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Stock Up 0.8%

Shares of DINO stock traded up $0.43 on Monday, reaching $50.97. 1,748,196 shares of the company's stock traded hands, compared to its average volume of 2,221,175. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $51.19. 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 $9.53 billion, a P/E ratio of -110.79 and a beta of 1.07. The business's 50 day moving average price is $44.76 and its two-hundred day moving average price is $37.61.

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, 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 previous year, the company posted $0.78 earnings per share. HF Sinclair's revenue for the quarter was down 13.5% compared to the same quarter last year. On average, equities analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. HF Sinclair's payout ratio is -434.78%.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was 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 $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on DINO shares. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. Wells Fargo & Company boosted their price objective on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. Scotiabank boosted their target price on HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Mizuho upped their target price on HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Piper Sandler downgraded 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $50.55.

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.