Dimensional Fund Advisors LP Purchases 1,337,093 Shares of HF Sinclair Corporation $DINO

Key Points

• Dimensional Fund Advisors LP increased its stake in HF Sinclair Corporation by 19.5%, acquiring an additional 1,337,093 shares, bringing its total ownership to approximately 4.34% valued at $269.1 million.
• Wall Street analysts have mixed opinions on HF Sinclair with ratings ranging from "Strong Buy" to "Underperform," while the consensus target price stands at $49.91.
• HF Sinclair recently announced a quarterly dividend of $0.50, resulting in an annualized yield of 4.3%, despite having a negative payout ratio of -434.78%.

Dimensional Fund Advisors LP boosted its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 19.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,185,509 shares of the company's stock after purchasing an additional 1,337,093 shares during the period. Dimensional Fund Advisors LP owned about 4.34% of HF Sinclair worth $269,142,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC acquired a new stake in shares of HF Sinclair in the 1st quarter valued at $421,000. Pacific Heights Asset Management LLC lifted its holdings in HF Sinclair by 9.1% during the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock valued at $7,891,000 after purchasing an additional 20,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in HF Sinclair by 72.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock valued at $1,684,000 after buying an additional 21,597 shares in the last quarter. Principal Financial Group Inc. grew its stake in HF Sinclair by 2.2% during the first quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company's stock worth $42,399,000 after buying an additional 27,764 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in HF Sinclair by 7.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock worth $4,354,000 after buying an additional 9,070 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the transaction, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

DINO has been the topic of several recent analyst reports. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th. 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. Wells Fargo & Company upped their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 11th. Morgan Stanley raised their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Raymond James Financial raised shares of HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 target price for the company in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $49.91.

HF Sinclair Trading Up 4.6%

Shares of DINO traded up $2.1110 on Friday, reaching $48.1610. 2,238,342 shares of the company's stock were exchanged, compared to its average volume of 2,909,126. The business has a 50 day moving average price of $43.52 and a two-hundred day moving average price of $36.99. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $49.92. The stock has a market capitalization of $9.01 billion, a P/E ratio of -104.73 and a beta of 0.97. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

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. The firm 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 business's quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 EPS. Research analysts anticipate 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 will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Thursday, August 21st. HF Sinclair's dividend payout ratio is currently -434.78%.

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.