HF Sinclair Corporation $DINO Stock Holdings Boosted by Fuller & Thaler Asset Management Inc.

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

A number of other institutional investors have also modified their holdings of DINO. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of HF Sinclair in the 4th quarter valued at about $31,000. Byrne Asset Management LLC acquired a new stake in shares of HF Sinclair in the 1st quarter valued at about $35,000. Allworth Financial LP raised its stake in shares of HF Sinclair by 553.9% in the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after purchasing an additional 1,130 shares in the last quarter. UMB Bank n.a. raised its stake in HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock worth $51,000 after acquiring an additional 1,498 shares during the period. Finally, TD Waterhouse Canada Inc. raised its stake in HF Sinclair by 98.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock worth $56,000 after acquiring an additional 796 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

Insider Transactions at HF Sinclair

In related news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 39,591 shares of the company's stock, valued at $1,683,805.23. This represents a 21.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DINO. Morgan Stanley increased their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. UBS Group reiterated a "buy" rating and set a $51.00 price objective (up previously from $48.00) on shares of HF Sinclair in a research note on Monday, August 4th. Mizuho increased their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. TD Cowen increased their price objective on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Finally, Raymond James Financial upgraded shares of HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price objective on the stock in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.91.

HF Sinclair Stock Performance

DINO stock traded up $2.34 on Friday, reaching $48.39. The company's stock had a trading volume of 3,217,368 shares, compared to its average volume of 2,451,649. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $49.92. The company has a market capitalization of $9.05 billion, a P/E ratio of -105.20 and a beta of 0.97. The firm has a fifty day moving average of $43.70 and a two-hundred day moving average of $37.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.09 by $0.61. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The business had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company posted $0.78 EPS. The business's revenue for the quarter was down 13.5% compared to the same quarter last year. As a group, analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, August 21st. HF Sinclair's dividend payout ratio is -434.78%.

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.