Russell Investments Group Ltd. Grows Stake in HF Sinclair Corporation $DINO

Russell Investments Group Ltd. boosted its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 103.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 427,175 shares of the company's stock after buying an additional 216,839 shares during the period. Russell Investments Group Ltd. owned approximately 0.23% of HF Sinclair worth $14,046,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC bought a new position in HF Sinclair during the fourth quarter valued at approximately $31,000. Byrne Asset Management LLC bought a new position in HF Sinclair during the first quarter valued at approximately $35,000. Allworth Financial LP boosted its stake in HF Sinclair by 553.9% during the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after buying an additional 1,130 shares during the last quarter. UMB Bank n.a. lifted its stake 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 during the last quarter. Finally, TD Waterhouse Canada Inc. lifted its stake 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 during the last quarter. 88.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group reaffirmed a "buy" rating and issued a $51.00 price objective (up from $48.00) on shares of HF Sinclair in a research note on Monday, August 4th. Piper Sandler lowered HF Sinclair from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $53.00 to $51.00 in a research note on Tuesday, July 22nd. Scotiabank raised their price objective on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Mizuho raised their price objective on HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Wolfe Research lowered 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $49.91.

Insider Activity

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 stock was sold at an average price of $42.53, for a total transaction 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 approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company's stock.

HF Sinclair Trading Up 0.1%

Shares of DINO stock traded up $0.0340 on Thursday, reaching $46.1240. 1,595,841 shares of the company's stock were exchanged, compared to its average volume of 2,905,672. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $49.92. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $8.63 billion, a PE ratio of -100.24 and a beta of 0.97. The company's fifty day simple moving average is $43.37 and its 200 day simple moving average is $36.92.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results 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 positive return on equity of 1.89% and a negative net margin of 0.32%.The firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the company earned $0.78 EPS. HF Sinclair's quarterly revenue was down 13.5% compared to the same quarter last year. As a group, analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is currently -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.