Ethic Inc. Acquires 5,891 Shares of HF Sinclair Corporation $DINO

Key Points

• Ethic Inc. increased its stake in HF Sinclair Corporation by 12.3%, now owning 53,748 shares valued at approximately $1.79 million.
• Analysts have mixed ratings for HF Sinclair, with one sell rating, five hold ratings, and six buy ratings, noting a consensus price target of $49.91.
• The company reported a quarterly earnings per share of $1.70, surpassing expectations, but experienced a revenue decline of 13.5% year-over-year.

Ethic Inc. lifted its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 12.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,748 shares of the company's stock after purchasing an additional 5,891 shares during the quarter. Ethic Inc.'s holdings in HF Sinclair were worth $1,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of HF Sinclair by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after purchasing an additional 1,337,093 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of HF Sinclair by 1,836.0% in the first quarter. Kovitz Investment Group Partners LLC now owns 241,554 shares of the company's stock worth $7,942,000 after purchasing an additional 229,077 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of HF Sinclair by 103.1% in the first quarter. Russell Investments Group Ltd. now owns 427,175 shares of the company's stock worth $14,046,000 after purchasing an additional 216,839 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of HF Sinclair by 37.0% in the first quarter. HighTower Advisors LLC now owns 16,057 shares of the company's stock worth $528,000 after purchasing an additional 4,337 shares during the last quarter. Finally, AIA Group Ltd raised its stake in shares of HF Sinclair by 61.1% in the first quarter. AIA Group Ltd now owns 11,737 shares of the company's stock worth $386,000 after purchasing an additional 4,450 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DINO. UBS Group restated a "buy" rating and issued a $51.00 price target (up previously from $48.00) on shares of HF Sinclair in a research note on Monday, August 4th. Barclays upped their price objective on HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Morgan Stanley upped their price objective on HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Wells Fargo & Company upped their price objective on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 11th. Finally, Wolfe Research cut HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $49.91.

HF Sinclair Stock Performance

HF Sinclair stock traded up $2.34 during mid-day trading on Friday, reaching $48.39. 3,217,368 shares of the stock traded hands, compared to its average volume of 2,451,649. The stock has a market capitalization of $9.05 billion, a PE ratio of -105.20 and a beta of 0.97. 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 12-month low of $24.66 and a 12-month high of $49.92. The business's 50-day moving average is $43.70 and its 200-day moving average is $37.06.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.61. The business had revenue of $6.78 billion during the quarter, compared to analysts' expectations of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The business's quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 earnings per share. As a group, sell-side analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. HF Sinclair's dividend payout ratio is -434.78%.

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 completion of the transaction, the executive vice president owned 39,591 shares of the company's stock, valued at $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 SEC, which is available at this hyperlink. 0.28% of the stock is currently owned by company insiders.

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.