Deroy & Devereaux Private Investment Counsel Inc. Grows Holdings in HF Sinclair Corporation $DINO

Key Points

• Deroy & Devereaux Private Investment Counsel Inc. increased its stake in HF Sinclair Corporation by 34.4% during the second quarter, bringing its total holdings to 89,115 shares valued at approximately $3.66 million.
• HF Sinclair reported a Q2 EPS of $1.70, exceeding estimates by $0.61, despite a yearly revenue decline of 13.5% to $6.78 billion.
• The company announced a quarterly dividend of $0.50 per share, with an annual yield of 3.8%, despite a significant negative dividend payout ratio of -434.78%.

Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 34.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,115 shares of the company's stock after buying an additional 22,795 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in HF Sinclair were worth $3,661,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. IFP Advisors Inc grew its position in HF Sinclair by 21.4% during the 2nd quarter. IFP Advisors Inc now owns 1,694 shares of the company's stock valued at $71,000 after purchasing an additional 299 shares during the last quarter. Louisiana State Employees Retirement System grew its position in HF Sinclair by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the company's stock valued at $1,853,000 after purchasing an additional 300 shares during the last quarter. Harbour Investments Inc. grew its position in HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock valued at $78,000 after purchasing an additional 310 shares during the last quarter. Financial Engines Advisors L.L.C. grew its position in 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 purchasing an additional 392 shares during the last quarter. Finally, Juncture Wealth Strategies LLC grew its position in 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 purchasing an additional 395 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $52.56 on Wednesday. The firm's 50 day moving average price is $50.02 and its 200-day moving average price is $41.50. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $54.73. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $9.83 billion, a PE ratio of -114.26 and a beta of 1.00.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.70 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 company had revenue of $6.78 billion for the quarter, compared to analysts' expectations of $6.93 billion. During the same quarter last year, the business earned $0.78 EPS. The firm's revenue was down 13.5% compared to the same quarter last year. Equities research analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is -434.78%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 39,591 shares of the company's stock, valued at $1,683,805.23. This trade represents a 21.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DINO has been the topic of a number of recent analyst reports. Mizuho raised their price target on shares of HF Sinclair from $52.00 to $60.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Scotiabank reaffirmed an "outperform" rating on shares of HF Sinclair in a report on Thursday, October 9th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of HF Sinclair in a report on Wednesday, October 8th. Wolfe Research downgraded shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th. Finally, Wall Street Zen upgraded shares of HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $56.09.

HF Sinclair Company Profile

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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