Callan Family Office LLC Invests $412,000 in HF Sinclair Corporation $DINO

Key Points

• Callan Family Office LLC has invested approximately $412,000 in HF Sinclair Corporation by acquiring 10,041 shares in the second quarter of 2023.
• HF Sinclair reported a quarterly earnings per share (EPS) of $1.70, surpassing analysts' expectations of $1.09, despite a 13.5% decline in year-over-year revenue.
• The company declared a quarterly dividend of $0.50 per share, translating to an annualized yield of 3.8%, although its dividend payout ratio is currently negative at -434.78%.

Callan Family Office LLC bought a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm bought 10,041 shares of the company's stock, valued at approximately $412,000.

A number of other institutional investors also recently bought and sold shares of the stock. Allegiance Financial Group Advisory Services LLC acquired a new stake in HF Sinclair in the 2nd quarter worth approximately $203,000. Abel Hall LLC acquired a new stake in HF Sinclair in the 2nd quarter worth approximately $451,000. Louisiana State Employees Retirement System boosted its stake in HF Sinclair by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the company's stock worth $1,853,000 after purchasing an additional 300 shares in the last quarter. KLP Kapitalforvaltning AS boosted its stake in HF Sinclair by 13.4% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 162,700 shares of the company's stock worth $6,684,000 after purchasing an additional 19,200 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new stake in HF Sinclair in the 2nd quarter worth approximately $215,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $52.01 on Thursday. The company's fifty day moving average price is $50.19 and its 200 day moving average price is $41.57. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $54.73. The company has a market capitalization of $9.73 billion, a PE ratio of -113.06 and a beta of 1.00. 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 (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.61. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the firm posted $0.78 earnings per share. The firm's quarterly revenue was down 13.5% compared to the same quarter last year. On average, research analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 dividend on an annualized basis and a yield of 3.8%. HF Sinclair's dividend payout ratio is currently -434.78%.

Analyst Ratings Changes

A number of research firms recently commented on DINO. Piper Sandler lifted their target price on shares of HF Sinclair from $51.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Wolfe Research downgraded shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th. TD Cowen upped their price objective on shares of HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a report on Friday, August 1st. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of HF Sinclair in a report on Tuesday, September 9th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, HF Sinclair has an average rating of "Moderate Buy" and a consensus target price of $56.09.

Insiders Place Their Bets

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the company'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 completion of the transaction, the executive vice president directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company's stock.

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.

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