5,000 Shares in HF Sinclair Corporation $DINO Purchased by Bard Financial Services Inc.

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 stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 5,000 shares of the company's stock, valued at approximately $205,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of HF Sinclair by 109.8% during the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock worth $163,951,000 after purchasing an additional 2,609,857 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in HF Sinclair by 1,633.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company's stock valued at $55,730,000 after buying an additional 1,597,152 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock valued at $269,142,000 after buying an additional 1,337,093 shares in the last quarter. Millennium Management LLC lifted its position in HF Sinclair by 207.5% during the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company's stock valued at $64,774,000 after buying an additional 1,329,408 shares in the last quarter. Finally, Nuveen LLC acquired a new position in HF Sinclair during the first quarter valued at approximately $25,051,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DINO has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Wolfe Research cut shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. Raymond James Financial reissued a "strong-buy" rating on shares of HF Sinclair in a research report on Tuesday, September 9th. Finally, Piper Sandler boosted their target price on shares of HF Sinclair from $51.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.25.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 11,000 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the sale, the executive vice president owned 39,591 shares of the company's stock, valued at $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.34% of the stock is owned by insiders.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded down $0.63 during trading on Friday, hitting $52.48. 3,647,124 shares of the stock were exchanged, compared to its average volume of 2,861,096. The stock's fifty day moving average is $47.03 and its 200 day moving average is $38.98. The stock has a market cap of $9.82 billion, a PE ratio of -114.09 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $53.33.

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, topping the consensus estimate of $1.09 by $0.61. The business had revenue of $6.78 billion during 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 company's quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. As a group, sell-side analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.8%. HF Sinclair's dividend payout ratio is presently -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.