HF Sinclair Corporation $DINO Stock Holdings Lessened by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in HF Sinclair Corporation by 22.6% in the first quarter, selling 113,712 shares and owning 390,018 shares worth approximately $12.8 million.
• HF Sinclair reported $1.70 earnings per share for the latest quarter, exceeding the consensus estimate of $1.09, but its revenue decreased by 13.5% year-over-year to $6.78 billion.
• The company recently announced a quarterly dividend of $0.50 per share, representing an annualized yield of 3.9%, despite a negative dividend payout ratio of -434.78%.

Jacobs Levy Equity Management Inc. cut its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 22.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 390,018 shares of the company's stock after selling 113,712 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.21% of HF Sinclair worth $12,824,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. CWA Asset Management Group LLC bought a new position in shares of HF Sinclair during the first quarter valued at approximately $421,000. Pacific Heights Asset Management LLC grew its holdings in shares of HF Sinclair by 9.1% during the first quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock valued at $7,891,000 after purchasing an additional 20,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of HF Sinclair by 72.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock valued at $1,684,000 after purchasing an additional 21,597 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of HF Sinclair by 2.2% during the first quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company's stock valued at $42,399,000 after purchasing an additional 27,764 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of HF Sinclair by 7.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock valued at $4,354,000 after purchasing an additional 9,070 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on DINO. Piper Sandler upped their target price on HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday. Raymond James Financial reiterated a "strong-buy" rating on shares of HF Sinclair in a research report on Tuesday. Scotiabank boosted their price objective on HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Mizuho boosted their price objective on HF Sinclair from $50.00 to $52.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded 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, five have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $51.82.

Insider Activity

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $42.53, for a total value of $467,830.00. Following the transaction, the executive vice president owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company's stock.

HF Sinclair Price Performance

DINO traded down $0.59 during trading on Friday, reaching $51.13. The stock had a trading volume of 787,804 shares, compared to its average volume of 2,865,576. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of -111.22 and a beta of 1.07. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $53.14. The stock has a 50 day moving average of $46.29 and a two-hundred day moving average of $38.38.

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 firm had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The firm's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 earnings per share. As a group, equities analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. HF Sinclair's dividend payout ratio 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.