HF Sinclair Corporation $DINO Shares Sold by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly reduced its stake in HF Sinclair Corporation by 75.1%, selling 22,761 shares and retaining 7,558 shares, valued at $249,000.
• HF Sinclair recently reported a quarterly EPS of $1.70, surpassing expectations, but its revenue was down by 13.5% year-over-year.
• The company announced a $0.50 quarterly dividend set to be paid on September 4th, with a yield of 3.9%.

AlphaQuest LLC cut its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 75.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,558 shares of the company's stock after selling 22,761 shares during the period. AlphaQuest LLC's holdings in HF Sinclair were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Byrne Asset Management LLC bought a new stake in HF Sinclair during the 1st quarter valued at $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 valued at $41,000 after purchasing an additional 1,130 shares in the last quarter. UMB Bank n.a. raised its position in HF Sinclair by 2,202.9% during 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. Harbour Investments Inc. raised its position in HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock valued at $78,000 after purchasing an additional 310 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its position in HF Sinclair by 1,265.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company's stock valued at $84,000 after purchasing an additional 2,367 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 11,000 shares of the business's stock in a transaction 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 transaction, the executive vice president directly owned 39,591 shares in the company, valued at $1,683,805.23. The trade was a 21.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.28% of the stock is currently owned by company insiders.

HF Sinclair Stock Down 1.6%

DINO stock traded down $0.82 on Wednesday, hitting $51.27. 966,128 shares of the company's stock were exchanged, compared to its average volume of 2,882,201. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $52.86. The firm has a 50 day moving average price of $44.98 and a two-hundred day moving average price of $37.71. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The stock has a market cap of $9.59 billion, a P/E ratio of -111.41 and a beta of 1.07.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the previous year, the business earned $0.78 EPS. The firm's revenue for the quarter was down 13.5% on a year-over-year basis. As a group, equities research analysts expect that HF Sinclair Corporation will post 2.39 EPS 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. Investors of record on Thursday, August 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, August 21st. HF Sinclair's payout ratio is -434.78%.

Analyst Ratings Changes

A number of brokerages have weighed in on DINO. Mizuho lifted their target price on HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Scotiabank lifted their price target on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Morgan Stanley lifted their price target on HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wells Fargo & Company lifted their price target on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, June 11th. Finally, Raymond James Financial upgraded HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price target on the stock in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.55.

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.