HF Sinclair Corporation $DINO is Arkfeld Wealth Strategies L.L.C.'s 4th Largest Position

Key Points

• Arkfeld Wealth Strategies L.L.C. increased its stake in HF Sinclair Corporation by 9.3%, owning 253,235 shares valued at approximately $11.23 million, making it the firm's fourth largest holding.
• Several institutional investors, including Dimensional Fund Advisors and AQR Capital Management, also significantly boosted their holdings in HF Sinclair during the first quarter, indicating strong institutional interest.
• Wall Street analysts have raised their price targets for HF Sinclair, with Goldman Sachs increasing its target from $54.00 to $61.00 and maintaining a "buy" rating, alongside multiple other positive ratings from various firms.

Arkfeld Wealth Strategies L.L.C. increased its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 9.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 253,235 shares of the company's stock after purchasing an additional 21,558 shares during the period. HF Sinclair accounts for approximately 4.4% of Arkfeld Wealth Strategies L.L.C.'s holdings, making the stock its 4th largest position. Arkfeld Wealth Strategies L.L.C. owned about 0.13% of HF Sinclair worth $11,231,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DINO. Byrne Asset Management LLC acquired a new stake in HF Sinclair during the first quarter worth approximately $35,000. Allworth Financial LP raised its position in HF Sinclair by 553.9% during the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after purchasing an additional 1,130 shares in the last quarter. UMB Bank n.a. raised its position in HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after purchasing an additional 1,498 shares in the last quarter. Harbour Investments Inc. raised its position in HF Sinclair by 15.0% during the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock valued at $78,000 after purchasing an additional 310 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its position in HF Sinclair by 111.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,031 shares of the company's stock valued at $83,000 after purchasing an additional 1,072 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DINO has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 11th. The Goldman Sachs Group boosted their price objective on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Raymond James Financial restated a "strong-buy" rating on shares of HF Sinclair in a report on Tuesday, September 9th. Scotiabank boosted their target price on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Finally, Mizuho boosted their target price on shares of HF Sinclair from $52.00 to $60.00 and gave the company an "outperform" rating in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.25.

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 on Friday, August 1st. The shares were 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 in the company, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.28% of the company's stock.

HF Sinclair Stock Up 1.6%

DINO stock traded up $0.86 during trading on Tuesday, reaching $53.27. The stock had a trading volume of 421,001 shares, compared to its average volume of 2,846,298. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $53.89. The company's 50 day moving average is $47.34 and its two-hundred day moving average is $39.37. The company has a market capitalization of $9.97 billion, a price-to-earnings ratio of -115.85 and a beta of 1.07. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29.

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, topping the consensus estimate of $1.09 by $0.61. The company had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. HF Sinclair's revenue for the quarter was down 13.5% on a year-over-year basis. During the same period last year, the firm earned $0.78 EPS. Equities research analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. HF Sinclair's dividend payout ratio (DPR) is -434.78%.

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.