American Century Companies Inc. Has $2.30 Million Stock Holdings in HF Sinclair Corporation $DINO

Key Points

• American Century Companies Inc. increased its stake in HF Sinclair Corporation by 12.1%, acquiring an additional 7,538 shares, bringing its total holdings to 69,917 shares valued at approximately $2.3 million.
• Analysts have varied opinions on HF Sinclair, with Raymond James Financial upgrading it to a "strong-buy" rating, while others have adjusted their price targets, leading to an average target of $50.55.
• HF Sinclair recently declared a quarterly dividend of $0.50 per share, reflecting a 3.9% yield, despite having a negative payout ratio of -434.78%.

American Century Companies Inc. grew its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,917 shares of the company's stock after acquiring an additional 7,538 shares during the quarter. American Century Companies Inc.'s holdings in HF Sinclair were worth $2,299,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Harbour Investments Inc. boosted its position in HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock worth $78,000 after acquiring an additional 310 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in HF Sinclair by 1.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock worth $685,000 after acquiring an additional 379 shares during the last quarter. Bank & Trust Co boosted its holdings in shares of HF Sinclair by 8.7% in the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company's stock valued at $159,000 after buying an additional 389 shares during the last quarter. Financial Engines Advisors L.L.C. boosted its holdings in shares of HF Sinclair by 1.5% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company's stock valued at $876,000 after buying an additional 392 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of HF Sinclair by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company's stock valued at $1,473,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Insider Transactions at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on DINO. Barclays increased their price objective on HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Scotiabank increased their price objective on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th. Mizuho increased their price objective on HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, TD Cowen increased their price objective on HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, HF Sinclair currently has an average rating of "Moderate Buy" and an average target price of $50.55.

HF Sinclair Price Performance

Shares of DINO traded up $0.23 during trading hours on Thursday, hitting $51.80. 578,410 shares of the company were exchanged, compared to its average volume of 2,874,260. The company has a market cap of $9.69 billion, a price-to-earnings ratio of -112.63 and a beta of 1.07. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $52.86. 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 firm's fifty day moving average is $45.19 and its 200 day moving average is $37.80.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) 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 analyst estimates of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.HF Sinclair's quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.78 EPS. On average, equities analysts anticipate 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 will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, August 21st. HF Sinclair's payout ratio is currently -434.78%.

About HF Sinclair

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.