Ethic Inc. Raises Stock Holdings in 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. grew its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 12.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,748 shares of the company's stock after acquiring an additional 5,891 shares during the quarter. Ethic Inc.'s holdings in HF Sinclair were worth $1,788,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DINO. Envestnet Asset Management Inc. boosted its holdings in HF Sinclair by 24.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 119,704 shares of the company's stock worth $4,196,000 after acquiring an additional 23,856 shares in the last quarter. Renaissance Technologies LLC raised its stake in HF Sinclair by 80.9% in the 4th quarter. Renaissance Technologies LLC now owns 144,905 shares of the company's stock worth $5,079,000 after acquiring an additional 64,800 shares during the last quarter. Townsquare Capital LLC raised its stake in HF Sinclair by 109.9% in the 4th quarter. Townsquare Capital LLC now owns 10,348 shares of the company's stock worth $363,000 after acquiring an additional 5,419 shares during the last quarter. Mariner LLC lifted its position in HF Sinclair by 22.3% during the 4th quarter. Mariner LLC now owns 39,295 shares of the company's stock worth $1,377,000 after acquiring an additional 7,164 shares during the period. Finally, Guggenheim Capital LLC grew its stake in HF Sinclair by 15.9% during the 4th quarter. Guggenheim Capital LLC now owns 43,409 shares of the company's stock valued at $1,521,000 after purchasing an additional 5,962 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

Insider Transactions at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company's stock.

HF Sinclair Price Performance

HF Sinclair stock traded up $2.34 during trading on Friday, reaching $48.39. The company had a trading volume of 3,217,368 shares, compared to its average volume of 2,915,655. The firm has a market capitalization of $9.05 billion, a PE ratio of -105.20 and a beta of 0.97. The firm's 50-day simple moving average is $43.52 and its 200 day simple moving average is $36.99. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $49.92.

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. The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates 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 revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 earnings per share. As a group, equities research analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is presently -434.78%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DINO. Wall Street Zen upgraded HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. UBS Group restated a "buy" rating and set a $51.00 price objective (up from $48.00) on shares of HF Sinclair in a research note on Monday, August 4th. Wells Fargo & Company upped their price objective 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. Morgan Stanley raised their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Wolfe Research downgraded shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. One 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 given a Sell rating to the company's stock. Based on data from MarketBeat, HF Sinclair currently has an average rating of "Moderate Buy" and an average target price of $49.91.

HF Sinclair 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.