Magnetar Financial LLC Sells 17,538 Shares of HF Sinclair Corporation $DINO

Key Points

• Magnetar Financial LLC reduced its stake in HF Sinclair Corporation by 38% during the 1st quarter, now holding 28,615 shares valued at approximately $941,000.
• HF Sinclair reported $1.70 earnings per share for the last quarter, significantly exceeding the consensus estimate of $1.09, though its quarterly revenue was down 13.5% year-over-year.
• The company has declared a quarterly dividend of $0.50 per share, set to be paid on September 4th, representing an annualized yield of 3.9%.

Magnetar Financial LLC cut its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 38.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,615 shares of the company's stock after selling 17,538 shares during the period. Magnetar Financial LLC's holdings in HF Sinclair were worth $941,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new position in shares of HF Sinclair in the 1st quarter worth about $35,000. Allworth Financial LP boosted its stake in HF Sinclair by 553.9% in the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after buying an additional 1,130 shares in the last quarter. UMB Bank n.a. boosted its stake in HF Sinclair by 2,202.9% in the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock worth $51,000 after buying an additional 1,498 shares in the last quarter. Harbour Investments Inc. grew its position in HF Sinclair by 15.0% during the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock valued at $78,000 after acquiring an additional 310 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of HF Sinclair by 1,265.8% during the first quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company's stock worth $84,000 after acquiring an additional 2,367 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the firm'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 directly owned 39,591 shares in the company, valued at $1,683,805.23. This trade represents a 21.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is owned by insiders.

HF Sinclair Stock Down 0.2%

Shares of DINO stock traded down $0.11 during mid-day trading on Thursday, reaching $51.46. 801,573 shares of the company's stock traded hands, compared to its average volume of 2,875,442. The company's 50-day moving average price is $45.19 and its 200-day moving average price is $37.80. The company has a market cap of $9.63 billion, a P/E ratio of -111.89 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 12 month low of $24.66 and a 12 month high of $52.86.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating 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 positive return on equity of 1.89% and a negative net margin of 0.32%.The firm's quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. On average, equities analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, August 21st. HF Sinclair's dividend payout ratio is presently -434.78%.

Analyst Upgrades and Downgrades

DINO has been the subject of several analyst reports. Mizuho upped their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Barclays increased their target price on HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a report on Wednesday, July 9th. Raymond James Financial raised HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price target on the stock in a research note on Tuesday, July 15th. Morgan Stanley increased their price objective on HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, UBS Group upped their price target on shares of HF Sinclair from $51.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, HF Sinclair presently has a consensus rating of "Moderate Buy" and an average price target of $50.55.

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.