HF Sinclair Corporation $DINO Position Cut by Wellington Management Group LLP

Wellington Management Group LLP decreased its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 87.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,093 shares of the company's stock after selling 44,389 shares during the period. Wellington Management Group LLP's holdings in HF Sinclair were worth $200,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Southeastern Asset Management Inc. TN purchased a new stake in shares of HF Sinclair in the fourth quarter valued at $96,344,000. Dimensional Fund Advisors LP grew its position in shares of HF Sinclair by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock valued at $269,142,000 after purchasing an additional 1,337,093 shares during the period. Nuveen LLC purchased a new stake in shares of HF Sinclair in the first quarter valued at $25,051,000. Voloridge Investment Management LLC grew its position in shares of HF Sinclair by 104.8% in the fourth quarter. Voloridge Investment Management LLC now owns 1,232,387 shares of the company's stock valued at $43,195,000 after purchasing an additional 630,538 shares during the period. Finally, Invesco Ltd. grew its position in shares of HF Sinclair by 46.4% in the first quarter. Invesco Ltd. now owns 1,927,890 shares of the company's stock valued at $63,389,000 after purchasing an additional 610,688 shares during the period. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DINO shares. UBS Group lifted their target price on HF Sinclair from $51.00 to $58.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Barclays lifted 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. TD Cowen lifted their target price on HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a report on Friday, August 1st. Raymond James Financial upgraded HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 target price on the stock in a report on Tuesday, July 15th. Finally, Wells Fargo & Company boosted their price objective on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $50.55.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.34% of the company's stock.

HF Sinclair Stock Down 0.9%

NYSE DINO traded down $0.47 on Friday, hitting $51.09. 1,614,597 shares of the stock traded hands, compared to its average volume of 2,113,323. The stock has a 50-day moving average of $45.59 and a 200 day moving average of $37.98. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $52.86. The company has a market capitalization of $9.56 billion, a P/E ratio of -111.07 and a beta of 1.07. 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 announced its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.61. The firm had revenue of $6.78 billion for 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%.HF Sinclair's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. As a group, analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced 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. 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 -434.78%.

HF Sinclair 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.