Fuller & Thaler Asset Management Inc. Has $83.64 Million Stock Holdings in HF Sinclair Corporation $DINO

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in HF Sinclair Corporation (NYSE:DINO) by 1.5%, now owning 2,543,741 shares valued at approximately $83.6 million.
• HF Sinclair's stock performance has seen a price target increase from multiple analysts, with Morgan Stanley raising it to $50.00 and Mizuho increasing theirs to $52.00, reflecting a positive outlook on the stock.
• The company announced a quarterly dividend of $0.50, with an annualized payout of $2.00, representing a yield of 4.5% for shareholders of record as of August 21st.

Fuller & Thaler Asset Management Inc. lifted its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,543,741 shares of the company's stock after buying an additional 36,592 shares during the period. Fuller & Thaler Asset Management Inc. owned about 1.35% of HF Sinclair worth $83,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its stake 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 in the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in HF Sinclair by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock valued at $685,000 after acquiring an additional 379 shares in the last quarter. Bank & Trust Co grew its stake in shares of HF Sinclair by 8.7% in the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company's stock worth $159,000 after buying an additional 389 shares in the last quarter. Financial Engines Advisors L.L.C. grew its stake in shares of HF Sinclair by 1.5% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company's stock worth $876,000 after buying an additional 392 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of HF Sinclair by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company's stock worth $1,473,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of recent analyst reports. Piper Sandler cut shares of HF Sinclair from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $53.00 to $51.00 in a research note on Tuesday, July 22nd. Wells Fargo & Company boosted their target price on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 11th. TD Cowen boosted their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Morgan Stanley raised their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, UBS Group reiterated a "buy" rating and set a $51.00 price target (up previously from $48.00) on shares of HF Sinclair in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $49.91.

Insider Activity at HF Sinclair

In other HF Sinclair 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 sale, the executive vice president owned 39,591 shares of the company's stock, valued at $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.34% of the company's stock.

HF Sinclair Trading Up 5.1%

Shares of DINO stock traded up $2.34 during trading hours on Friday, hitting $48.39. 3,217,368 shares of the company were exchanged, compared to its average volume of 2,915,655. The firm has a market cap of $9.05 billion, a PE ratio of -105.20 and a beta of 0.97. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $49.92. 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 fifty day moving average of $43.52 and a 200 day moving average of $36.99.

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, beating the consensus estimate of $1.09 by $0.61. The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. HF Sinclair's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 earnings per share. Analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be issued a $0.50 dividend. The ex-dividend date is Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.1%. 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.