Greenleaf Trust Invests $250,000 in HF Sinclair Corporation $DINO

Key Points

• Greenleaf Trust invested $250,000 in HF Sinclair Corporation by acquiring 6,082 shares in the company during the second quarter.
• HF Sinclair recently reported earnings of $1.70 EPS, beating estimates, although quarterly revenue declined by 13.5% compared to the previous year.
• The company declared a quarterly dividend of $0.50, resulting in an annualized yield of 3.9%.

Greenleaf Trust bought a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,082 shares of the company's stock, valued at approximately $250,000.

Other institutional investors also recently modified their holdings of the company. West Oak Capital LLC bought a new position in HF Sinclair in the second quarter worth about $38,000. Byrne Asset Management LLC bought a new position in HF Sinclair in the first quarter worth about $35,000. Allworth Financial LP raised its stake in HF Sinclair by 553.9% in 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 in the last quarter. UMB Bank n.a. raised its stake in 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 buying an additional 1,498 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in HF Sinclair by 157.8% in the second quarter. Farther Finance Advisors LLC now owns 1,722 shares of the company's stock worth $71,000 after buying an additional 1,054 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DINO has been the subject of a number of research reports. Barclays increased their price target on shares of HF Sinclair from $45.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Raymond James Financial reissued a "strong-buy" rating on shares of HF Sinclair in a research note on Tuesday, September 9th. The Goldman Sachs Group raised their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the company a "buy" rating in a research note on Thursday, September 18th. Morgan Stanley raised their target price on shares of HF Sinclair from $50.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of "Hold" and a consensus target price of $55.64.

HF Sinclair Price Performance

HF Sinclair stock opened at $51.66 on Friday. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of -112.30 and a beta of 1.00. 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 Corporation has a 1 year low of $24.66 and a 1 year high of $54.73. The firm has a 50-day moving average of $48.88 and a two-hundred day moving average of $40.59.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.61. The company had revenue of $6.78 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. On average, research analysts forecast 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 was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair's payout ratio 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.

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.