HF Sinclair Corporation $DINO Shares Sold by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. reduced its stake in HF Sinclair Corporation by 40.2%, selling 177,315 shares and owning approximately $8.68 million worth of the company's stock as of the latest SEC filing.
• HF Sinclair reported $1.70 earnings per share for the quarter, exceeding analysts' expectations, and revenue was down 13.5% year-over-year at $6.78 billion.
• The company declared a quarterly dividend of $0.50 per share, reflecting an annualized yield of 3.9%, although the payout ratio is currently negative at -434.78%.

Alyeska Investment Group L.P. cut its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 40.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 263,863 shares of the company's stock after selling 177,315 shares during the quarter. Alyeska Investment Group L.P. owned 0.14% of HF Sinclair worth $8,676,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DINO. American Trust Investment Advisors LLC purchased a new stake in HF Sinclair in the 1st quarter worth $830,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of HF Sinclair in the first quarter valued at about $684,000. Energy Income Partners LLC increased its stake in shares of HF Sinclair by 85.9% during the first quarter. Energy Income Partners LLC now owns 54,890 shares of the company's stock worth $1,805,000 after purchasing an additional 25,364 shares in the last quarter. Twin Tree Management LP acquired a new position in shares of HF Sinclair during the 1st quarter worth about $106,000. Finally, Ieq Capital LLC lifted its stake in HF Sinclair by 59.5% in the 1st quarter. Ieq Capital LLC now owns 170,353 shares of the company's stock valued at $5,601,000 after buying an additional 63,580 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Trading Up 0.9%

NYSE:DINO traded up $0.48 on Thursday, hitting $51.65. The stock had a trading volume of 3,217,196 shares, compared to its average volume of 2,255,807. The company has a fifty day moving average price of $46.29 and a two-hundred day moving average price of $38.38. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $53.14. 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 stock has a market cap of $9.66 billion, a price-to-earnings ratio of -112.27 and a beta of 1.07.

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

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. HF Sinclair's dividend payout ratio is currently -434.78%.

Analysts Set New Price Targets

Several equities research analysts have commented on DINO shares. UBS Group boosted their price objective on HF Sinclair from $51.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Barclays boosted their price target on HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Wolfe Research lowered HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th. Mizuho lifted their target price on shares of HF Sinclair from $50.00 to $52.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Piper Sandler increased their target price on shares of HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, HF Sinclair currently has an average rating of "Moderate Buy" and an average price target of $51.82.

Insider Activity

In related 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 completion of the sale, the executive vice president directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.