20,806 Shares in HF Sinclair Corporation $DINO Acquired by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC invested $684,000 in HF Sinclair Corporation, acquiring 20,806 shares in the first quarter.
• HF Sinclair recently declared a quarterly dividend of $0.50, translating to an annualized yield of 3.9%.
• The company reported earnings of $1.70 per share, surpassing estimates significantly, despite a 13.5% decline in revenue year-over-year.

Focus Partners Advisor Solutions LLC acquired a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 20,806 shares of the company's stock, valued at approximately $684,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Energy Income Partners LLC lifted its position in HF Sinclair by 85.9% during the first quarter. Energy Income Partners LLC now owns 54,890 shares of the company's stock worth $1,805,000 after acquiring an additional 25,364 shares during the last quarter. Twin Tree Management LP acquired a new position in HF Sinclair during the first quarter valued at approximately $106,000. Ieq Capital LLC grew its stake in shares of HF Sinclair by 59.5% during the first quarter. Ieq Capital LLC now owns 170,353 shares of the company's stock worth $5,601,000 after buying an additional 63,580 shares during the last quarter. Redwood Investment Management LLC grew its stake in shares of HF Sinclair by 0.4% during the first quarter. Redwood Investment Management LLC now owns 112,202 shares of the company's stock worth $3,689,000 after buying an additional 454 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of HF Sinclair by 1.6% during the first quarter. Rafferty Asset Management LLC now owns 172,389 shares of the company's stock worth $5,668,000 after buying an additional 2,731 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DINO. TD Cowen boosted their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Morgan Stanley boosted their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Piper Sandler cut shares of HF Sinclair from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $53.00 to $51.00 in a research note on Tuesday, July 22nd. Finally, Wolfe Research cut shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.09.

Insider Buying and Selling

In related news, EVP Valerie Pompa sold 11,000 shares of the firm's 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 directly owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.28% of the company's stock.

HF Sinclair Stock Down 3.5%

Shares of NYSE DINO traded down $1.82 during trading on Wednesday, hitting $50.62. 525,433 shares of the company traded hands, compared to its average volume of 2,858,990. The business's fifty day moving average is $45.99 and its 200 day moving average is $38.19. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $53.14. The firm has a market capitalization of $9.47 billion, a price-to-earnings ratio of -110.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the firm earned $0.78 EPS. The company's revenue was down 13.5% compared to the same quarter last year. Equities research analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.0%. HF Sinclair's dividend payout ratio (DPR) is -434.78%.

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.