Diversified Trust Co Buys New Stake in HF Sinclair Corporation $DINO

Key Points

• Diversified Trust Co acquired a new stake in HF Sinclair Corporation, purchasing 14,608 shares valued at approximately $600,000 in the second quarter.
• HF Sinclair reported an EPS of $1.70 for the last quarter, exceeding estimates of $1.09, despite a 13.5% year-over-year decline in revenue.
• The company announced a quarterly dividend of $0.50, representing an annualized dividend yield of 3.8% and a significant negative payout ratio.

Diversified Trust Co acquired a new stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,608 shares of the company's stock, valued at approximately $600,000.

Other institutional investors have also bought and sold shares of the company. Byrne Asset Management LLC bought a new position in HF Sinclair during the first quarter valued at $35,000. Allworth Financial LP lifted its position in HF Sinclair by 553.9% during the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after purchasing an additional 1,130 shares during the last quarter. UMB Bank n.a. lifted its position in HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after purchasing an additional 1,498 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in HF Sinclair by 111.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 2,031 shares of the company's stock valued at $83,000 after purchasing an additional 1,072 shares during the last quarter. Finally, Harbour Investments Inc. lifted its position in HF Sinclair by 15.0% during the first 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. Institutional investors own 88.29% of the company's stock.

HF Sinclair Trading Up 0.6%

NYSE DINO opened at $52.74 on Wednesday. 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 company has a market capitalization of $9.87 billion, a price-to-earnings ratio of -114.65 and a beta of 1.07. The company's 50-day simple moving average is $47.51 and its two-hundred day simple moving average is $39.47. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $53.89.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.70 EPS 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 the consensus estimate of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The company's revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 EPS. Equities analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal 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 given 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 payout ratio is presently -434.78%.

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the transaction, the executive vice president owned 39,591 shares of the company's stock, valued at $1,683,805.23. The trade was a 21.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have commented on DINO. Morgan Stanley increased 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. The Goldman Sachs Group raised their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a "buy" rating in a report on Thursday, September 18th. UBS Group raised their target price on shares of HF Sinclair from $51.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Raymond James Financial restated a "strong-buy" rating on shares of HF Sinclair in a report on Tuesday, September 9th. Finally, TD Cowen raised their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $53.25.

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.

Want to see what other hedge funds are holding DINO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HF Sinclair Corporation (NYSE:DINO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.