Bayforest Capital Ltd Has $60,000 Stock Position in HF Sinclair Corporation $DINO

Key Points

• Bayforest Capital Ltd reduced its stake in HF Sinclair Corporation by 73.7%, selling 5,113 shares and leaving it with 1,825 shares worth around $60,000.
• HF Sinclair's recent quarterly earnings report showed an EPS of $1.70, exceeding analyst expectations, despite a 13.5% year-over-year revenue decline to $6.78 billion.
• The company declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend of $2.00, with a yield of 3.9%.

Bayforest Capital Ltd decreased its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 73.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,825 shares of the company's stock after selling 5,113 shares during the period. Bayforest Capital Ltd's holdings in HF Sinclair were worth $60,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock valued at $269,142,000 after acquiring an additional 1,337,093 shares during the period. Charles Schwab Investment Management Inc. increased its position in HF Sinclair by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company's stock valued at $194,888,000 after acquiring an additional 415,206 shares during the period. AQR Capital Management LLC increased its position in HF Sinclair by 109.8% in the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock valued at $163,951,000 after acquiring an additional 2,609,857 shares during the period. Fuller & Thaler Asset Management Inc. increased its position in HF Sinclair by 1.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company's stock valued at $83,638,000 after acquiring an additional 36,592 shares during the period. Finally, Millennium Management LLC increased its position in HF Sinclair by 207.5% in the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company's stock valued at $64,774,000 after acquiring an additional 1,329,408 shares during the period. Institutional investors own 88.29% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DINO shares. Mizuho upped their price target on shares of HF Sinclair from $52.00 to $60.00 and gave the company an "outperform" rating in a research report on Monday. Scotiabank upped their price target on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. TD Cowen upped their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Piper Sandler increased their price objective on shares of HF Sinclair from $51.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Finally, Wall Street Zen upgraded shares of HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $53.25.

Insider Activity

In other 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 completion of the transaction, the executive vice president directly owned 39,591 shares in the company, valued at $1,683,805.23. This trade represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

HF Sinclair Stock Up 1.0%

NYSE:DINO traded up $0.51 during trading hours on Thursday, reaching $53.14. The company had a trading volume of 1,821,690 shares, compared to its average volume of 2,316,248. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The firm has a market cap of $9.94 billion, a price-to-earnings ratio of -115.52 and a beta of 1.07. The business's 50-day simple moving average is $47.03 and its two-hundred day simple moving average is $38.98. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $53.33.

HF Sinclair (NYSE:DINO - Get Free Report) last posted 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 negative net margin of 0.32% and a positive return on equity of 1.89%. The business's quarterly revenue was down 13.5% on a year-over-year basis. During the same period last year, the company posted $0.78 earnings per share. On average, equities analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was 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.