HF Sinclair Corporation (NYSE:DINO) Shares Acquired by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its holdings in HF Sinclair by 240.8%, owning 97,338 shares worth $3.2 million after purchasing an additional 68,777 shares.
• HF Sinclair recently reported earnings of $1.70 per share, significantly exceeding the estimated $1.09, although revenue fell 13.5% year-over-year.
• The company declared a quarterly dividend of $0.50 per share, with an annualized yield of 4.6%, to be paid on September 4th.

Cetera Investment Advisers raised its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 240.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,338 shares of the company's stock after purchasing an additional 68,777 shares during the period. Cetera Investment Advisers owned 0.05% of HF Sinclair worth $3,200,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at $31,000. Byrne Asset Management LLC purchased a new stake in HF Sinclair in the first quarter valued at $35,000. Allworth Financial LP boosted its holdings in HF Sinclair by 553.9% in the first 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 during the last quarter. UMB Bank n.a. boosted its holdings 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 valued at $51,000 after purchasing an additional 1,498 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in HF Sinclair by 98.6% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock valued at $56,000 after purchasing an additional 796 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group upped their price target on shares of HF Sinclair from $48.00 to $51.00 and gave the company a "buy" rating in a report on Monday. Piper Sandler lowered shares of HF Sinclair from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $53.00 to $51.00 in a report on Tuesday, July 22nd. TD Cowen upped their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a report on Friday, August 1st. Wells Fargo & Company upped their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, June 11th. Finally, Scotiabank upped their price target on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.45.

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction on Friday, August 1st. The shares were 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 directly owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. The trade was a 21.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company's stock.

HF Sinclair Stock Performance

Shares of DINO stock opened at $43.77 on Wednesday. The stock has a market capitalization of $8.19 billion, a PE ratio of -95.15 and a beta of 0.97. The firm has a 50 day moving average of $41.64 and a two-hundred day moving average of $36.30. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week 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.

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

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Thursday, August 21st. HF Sinclair's payout ratio is -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.

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