Caxton Associates LLP Takes Position in HF Sinclair Corporation $DINO

Key Points

• Caxton Associates LLP purchased 11,251 shares of HF Sinclair Corporation, valued at approximately $370,000, in the first quarter, contributing to a rising interest among institutional investors in the company's stock.
• HF Sinclair experienced increased analyst price targets, with Barclays setting a new target at $43.00 and Morgan Stanley at $50.00, indicating a generally positive outlook on the stock.
• The company recently declared a quarterly $0.50 dividend, representing an annualized yield of 3.9%, despite a reported negative net margin of 0.32% in its latest earnings report.

Caxton Associates LLP acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 11,251 shares of the company's stock, valued at approximately $370,000.

Several other institutional investors also recently bought and sold shares of the company. CWA Asset Management Group LLC purchased a new position in shares of HF Sinclair in the 1st quarter valued at $421,000. Pacific Heights Asset Management LLC increased its holdings in shares of HF Sinclair by 9.1% in the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock valued at $7,891,000 after acquiring an additional 20,000 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of HF Sinclair by 72.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock valued at $1,684,000 after acquiring an additional 21,597 shares during the period. Principal Financial Group Inc. increased its holdings in shares of HF Sinclair by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company's stock valued at $42,399,000 after acquiring an additional 27,764 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of HF Sinclair by 7.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock valued at $4,354,000 after acquiring an additional 9,070 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Up 1.0%

HF Sinclair stock traded up $0.51 during midday trading on Thursday, reaching $53.14. The company's stock had a trading volume of 1,821,690 shares, compared to its average volume of 2,316,248. The stock's 50-day simple moving average is $47.03 and its 200-day simple moving average is $38.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $53.33. The stock has a market capitalization of $9.94 billion, a P/E ratio of -115.52 and a beta of 1.07.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. The business 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%.The company's revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 earnings per share. On average, sell-side analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on DINO shares. TD Cowen lifted their price target on HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a report on Friday, August 1st. Wall Street Zen upgraded HF Sinclair from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Scotiabank lifted their price target 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 research note on Monday, July 14th. Finally, Barclays increased their price target on HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.25.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the 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 transaction, the executive vice president directly owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.