HF Sinclair Corporation $DINO Shares Purchased by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its holdings in HF Sinclair Corporation (NYSE:DINO) by 85.9%, owning 54,890 shares worth approximately $1.8 million after purchasing an additional 25,364 shares last quarter.
• HF Sinclair reported $1.70 EPS for the last quarter, exceeding expectations of $1.09, although its revenue of $6.78 billion was below estimates.
• The company announced a quarterly dividend of $0.50, reflecting a 3.9% yield, with the ex-dividend date set for August 21st.

Energy Income Partners LLC boosted its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 85.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,890 shares of the company's stock after purchasing an additional 25,364 shares during the period. Energy Income Partners LLC's holdings in HF Sinclair were worth $1,805,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DINO. Byrne Asset Management LLC acquired a new position in shares of HF Sinclair in the first quarter valued at approximately $35,000. Allworth Financial LP grew its stake in shares of HF Sinclair by 553.9% during the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after buying an additional 1,130 shares during the last quarter. UMB Bank n.a. grew its stake in shares of HF Sinclair by 2,202.9% in the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock worth $51,000 after purchasing an additional 1,498 shares during the last quarter. Harbour Investments Inc. grew its stake in shares of HF Sinclair by 15.0% in the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock worth $78,000 after purchasing an additional 310 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in HF Sinclair by 1,265.8% during the first quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company's stock valued at $84,000 after acquiring an additional 2,367 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Piper Sandler lowered shares of HF Sinclair from an "overweight" rating to a "neutral" rating and lowered their target price for the stock from $53.00 to $51.00 in a report on Tuesday, July 22nd. Barclays increased their target price on shares of HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Mizuho lifted their target price on shares of HF Sinclair from $50.00 to $52.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Morgan Stanley raised their price target on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $50.55.

Insider Activity at HF Sinclair

In related 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 completion of the transaction, the executive vice president owned 39,591 shares in the company, valued at $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.28% of the company's stock.

HF Sinclair Trading Down 1.0%

Shares of HF Sinclair stock traded down $0.54 during trading on Wednesday, hitting $51.55. The stock had a trading volume of 1,930,828 shares, compared to its average volume of 2,117,696. The stock has a market cap of $9.64 billion, a PE ratio of 55.30 and a beta of 1.07. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $52.86. The firm's fifty day simple moving average is $44.98 and its 200-day simple moving average is $37.71. 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 (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share (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 firm had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. The company's quarterly revenue was down 13.5% compared to the same quarter last year. As a group, sell-side analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is -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.