HF Sinclair Corporation $DINO Shares Acquired by Gotham Asset Management LLC

Key Points

• Gotham Asset Management LLC increased its stake in HF Sinclair Corporation by 212.1% in Q1, holding approximately 480,236 shares valued at $15.79 million.
• HF Sinclair recently reported quarterly earnings of $1.70 per share, surpassing estimates by $0.61, despite a 13.5% decrease in revenue from the previous year.
• $0.50 per share, resulting in an annualized dividend of $2.00 and a yield of 3.9%.

Gotham Asset Management LLC raised its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 212.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,236 shares of the company's stock after acquiring an additional 326,373 shares during the quarter. Gotham Asset Management LLC owned approximately 0.25% of HF Sinclair worth $15,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. 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 buying an additional 310 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in shares of HF Sinclair by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock worth $685,000 after purchasing an additional 379 shares in the last quarter. Bank & Trust Co lifted its position in shares of HF Sinclair by 8.7% during the first quarter. Bank & Trust Co now owns 4,838 shares of the company's stock worth $159,000 after purchasing an additional 389 shares in the last quarter. Financial Engines Advisors L.L.C. lifted its position in shares of HF Sinclair by 1.5% during the first quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company's stock worth $876,000 after purchasing an additional 392 shares in the last quarter. Finally, Louisiana State Employees Retirement System lifted its position in shares of HF Sinclair by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company's stock worth $1,473,000 after purchasing an additional 400 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DINO shares. Barclays boosted 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 report on Wednesday, July 9th. Wells Fargo & Company upped their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, June 11th. UBS Group upped their price target on shares of HF Sinclair from $51.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Piper Sandler cut shares of HF Sinclair from an "overweight" rating to a "neutral" rating and cut their price target for the company from $53.00 to $51.00 in a report on Tuesday, July 22nd. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of HF Sinclair in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $51.09.

HF Sinclair Stock Performance

DINO stock traded up $1.31 during trading on Tuesday, hitting $52.39. 3,464,741 shares of the company's stock traded hands, compared to its average volume of 2,873,600. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $53.14. The stock has a fifty day moving average price of $45.78 and a two-hundred day moving average price of $38.09. The stock has a market capitalization of $9.80 billion, a price-to-earnings ratio of -113.89 and a beta of 1.07.

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 the consensus estimate 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 firm's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, equities analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. HF Sinclair's dividend payout ratio is currently -434.78%.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.28% of the company's stock.

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.