Chickasaw Capital Management LLC Invests $411,000 in HF Sinclair Corporation $DINO

Key Points

• Chickasaw Capital Management LLC made a new investment of approximately $411,000 in HF Sinclair Corporation by purchasing 10,000 shares during the second quarter.
• HF Sinclair reported a earnings per share (EPS) of $1.70 for the last quarter, exceeding analyst estimates of $1.09, although the company's revenue fell by 13.5% year-over-year.
• The company declared a quarterly dividend of $0.50, representing an annualized yield of 3.8%, with an ex-dividend date of August 21st.

Chickasaw Capital Management LLC purchased a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,000 shares of the company's stock, valued at approximately $411,000.

Several other hedge funds have also modified their holdings of the company. Harbour Investments Inc. boosted its stake in shares of HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock worth $78,000 after acquiring an additional 310 shares in the last quarter. Bank & Trust Co raised its holdings in HF Sinclair by 8.7% in the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company's stock valued at $159,000 after acquiring an additional 389 shares during the last quarter. Financial Engines Advisors L.L.C. raised its position in shares of HF Sinclair by 1.5% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company's stock valued at $876,000 after buying an additional 392 shares during the period. Juncture Wealth Strategies LLC raised its position in shares of HF Sinclair by 4.9% during the 2nd quarter. Juncture Wealth Strategies LLC now owns 8,482 shares of the company's stock valued at $348,000 after buying an additional 395 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in HF Sinclair by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company's stock valued at $1,473,000 after purchasing an additional 400 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

DINO traded down $0.63 on Friday, hitting $52.48. 4,148,745 shares of the company were exchanged, compared to its average volume of 2,270,161. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The business's fifty day moving average is $47.18 and its 200 day moving average is $39.12. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $53.33. The firm has a market capitalization of $9.82 billion, a P/E ratio of -114.09 and a beta of 1.07.

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

Analyst Upgrades and Downgrades

DINO has been the subject of several recent research reports. 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. UBS Group boosted their price target on shares of HF Sinclair from $51.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Barclays boosted their price target on shares of HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Finally, Piper Sandler boosted their price target on shares of HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $53.25.

Insider Activity

In other HF Sinclair 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is owned by company insiders.

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.