Bard Financial Services Inc. Acquires New Shares in HF Sinclair Corporation $DINO

Key Points

• Bard Financial Services Inc. has acquired a new stake in HF Sinclair Corporation, purchasing 5,000 shares valued at approximately $205,000.
• HF Sinclair's recent earnings report showed an EPS of $1.70, exceeding analyst estimates, despite a 13.5% decline in quarterly revenue compared to the previous year.
• The company announced a quarterly dividend of $0.50 with a yield of 3.9%, while insiders own only 0.28% of the stock.

Bard Financial Services Inc. bought a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,000 shares of the company's stock, valued at approximately $205,000.

Several other large investors also recently added to or reduced their stakes in DINO. Parallel Advisors LLC grew its stake in shares of HF Sinclair by 421.9% during the second quarter. Parallel Advisors LLC now owns 4,008 shares of the company's stock valued at $165,000 after buying an additional 3,240 shares during the last quarter. OMNI 360 Wealth Inc. purchased a new stake in HF Sinclair during the second quarter worth $218,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in HF Sinclair by 40.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,831 shares of the company's stock worth $527,000 after buying an additional 3,723 shares during the period. Central Pacific Bank Trust Division purchased a new stake in HF Sinclair during the second quarter worth $133,000. Finally, Voya Investment Management LLC lifted its holdings in HF Sinclair by 43.6% during the first quarter. Voya Investment Management LLC now owns 1,344,021 shares of the company's stock worth $44,191,000 after buying an additional 407,771 shares during the period. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Performance

Shares of NYSE DINO traded down $0.63 during trading on Friday, reaching $52.48. 4,148,745 shares of the company traded hands, compared to its average volume of 2,270,161. The firm's fifty day simple moving average is $47.18 and its 200 day simple moving average is $39.12. The stock has a market cap of $9.82 billion, a P/E ratio of -114.09 and a beta of 1.07. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $53.33. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the previous year, the business earned $0.78 EPS. HF Sinclair's revenue for the quarter was down 13.5% compared to the same quarter last year. As a group, research 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 declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Thursday, August 21st. HF Sinclair's payout ratio is currently -434.78%.

Insider Buying and Selling at HF Sinclair

In related 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 value of $467,830.00. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on DINO shares. Barclays upped their target price on HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. UBS Group increased their price objective on HF Sinclair from $51.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. The Goldman Sachs Group increased their price objective on HF Sinclair from $54.00 to $61.00 and gave the company a "buy" rating in a report on Thursday. Wells Fargo & Company increased their price objective on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, June 11th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $53.25.

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.