HF Sinclair Corporation $DINO Shares Bought by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC significantly increased its stake in HF Sinclair Corporation, boosting it by 109.8% to approximately 2.65% of the company's shares, valued at $163.9 million.
• Analysts have mixed sentiments on HF Sinclair, with target prices ranging from $46.00 to $61.00 and a consensus rating of "Moderate Buy" with an average target price of $50.55.
• The company announced a $0.50 quarterly dividend yielding 3.9%, with an ex-dividend date set for August 21st.

AQR Capital Management LLC boosted its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 109.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,986,355 shares of the company's stock after purchasing an additional 2,609,857 shares during the period. AQR Capital Management LLC owned approximately 2.65% of HF Sinclair worth $163,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWA Asset Management Group LLC acquired a new stake in HF Sinclair during the 1st quarter worth about $421,000. Pacific Heights Asset Management LLC grew its position in shares of HF Sinclair by 9.1% during the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock valued at $7,891,000 after acquiring an additional 20,000 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of HF Sinclair by 72.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock valued at $1,684,000 after acquiring an additional 21,597 shares during the period. Principal Financial Group Inc. grew its position in shares of HF Sinclair by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company's stock valued at $42,399,000 after acquiring an additional 27,764 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of HF Sinclair by 7.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock valued at $4,354,000 after acquiring an additional 9,070 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of analyst reports. TD Cowen raised their target price on HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Scotiabank raised their target price on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. Morgan Stanley raised their target price on HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Piper Sandler cut HF Sinclair from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $53.00 to $51.00 in a research report on Tuesday, July 22nd. Finally, UBS Group raised their target price on HF Sinclair from $51.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of "Moderate Buy" and an average target price of $50.55.

HF Sinclair Trading Down 1.0%

Shares of HF Sinclair stock opened at $51.55 on Thursday. The firm has a market capitalization of $9.64 billion, a PE ratio of -112.05 and a beta of 1.07. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $52.86. The firm's 50-day moving average price is $45.19 and its 200 day moving average price is $37.80. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

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

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is -434.78%.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction that occurred on 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 owned 39,591 shares in the company, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.28% of the company's stock.

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.

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