GSA Capital Partners LLP Purchases 6,578 Shares of HF Sinclair Corporation (NYSE:DINO)

Key Points

• GSA Capital Partners LLP has increased its stake in HF Sinclair Corporation by 33.1%, holding 26,462 shares valued at approximately $870,000.
• Analysts have set new price targets for HF Sinclair, with most recommending a Moderate Buy rating, and the average target price now stands at $49.82.
• The company recently announced a quarterly dividend of $0.50, equating to an annual yield of 4.7%, with the ex-dividend date set for August 21st.

GSA Capital Partners LLP raised its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 33.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,462 shares of the company's stock after acquiring an additional 6,578 shares during the period. GSA Capital Partners LLP's holdings in HF Sinclair were worth $870,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC acquired a new position in HF Sinclair during the 4th quarter worth approximately $31,000. Byrne Asset Management LLC purchased a new position in HF Sinclair during the 1st quarter worth $35,000. Allworth Financial LP raised its position in HF Sinclair by 553.9% during the 1st 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. increased its holdings in shares of HF Sinclair by 2,202.9% in the 1st 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 in the last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of HF Sinclair by 98.6% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock valued at $56,000 after purchasing an additional 796 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of research reports. Raymond James Financial raised shares of HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price objective on the stock in a research note on Tuesday, July 15th. Piper Sandler cut shares of HF Sinclair from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $53.00 to $51.00 in a research report on Tuesday, July 22nd. Barclays raised their price target on shares of HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Wall Street Zen upgraded shares of HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Wells Fargo & Company boosted 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $49.45.

Insider Buying and Selling 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 stock was 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 in the company, valued at $1,683,805.23. This represents a 21.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Trading Up 3.3%

NYSE DINO traded up $1.40 on Monday, hitting $43.76. 2,069,563 shares of the company were exchanged, compared to its average volume of 2,606,156. The company's 50 day moving average price is $41.33 and its 200-day moving average price is $36.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The firm has a market capitalization of $8.19 billion, a P/E ratio of 46.04 and a beta of 0.97. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $49.92.

HF Sinclair (NYSE:DINO - Get Free Report) last issued 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. The company had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%. The firm's quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. 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 announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be issued a $0.50 dividend. The ex-dividend date is Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.6%. HF Sinclair's dividend payout ratio is currently -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.