HF Sinclair Corporation (NYSE:DINO) Shares Purchased by Virtu Financial LLC

Key Points

• Virtu Financial LLC increased its holdings in HF Sinclair Corporation by 81.6% during the first quarter, acquiring an additional 18,400 shares to bring their total ownership to 40,936 shares.
• HF Sinclair announced a quarterly dividend of $0.50, representing a 4.6% yield, with the ex-dividend date set for August 21st.
• HF Sinclair reported EPS of $1.70 for the last quarter, exceeding estimates but showing a 13.5% decline in revenue compared to the previous year.

Virtu Financial LLC boosted its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 81.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,936 shares of the company's stock after buying an additional 18,400 shares during the quarter. Virtu Financial LLC's holdings in HF Sinclair were worth $1,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of HF Sinclair by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock valued at $240,026,000 after acquiring an additional 737,696 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in HF Sinclair by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company's stock valued at $194,888,000 after purchasing an additional 415,206 shares in the last quarter. First Trust Advisors LP increased its stake in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after purchasing an additional 1,096,485 shares during the last quarter. Southeastern Asset Management Inc. TN acquired a new stake in HF Sinclair during the fourth quarter worth approximately $96,344,000. Finally, AQR Capital Management LLC lifted its position in shares of HF Sinclair by 61.6% during the 4th quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock worth $82,536,000 after buying an additional 906,225 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Down 0.2%

DINO opened at $43.45 on Monday. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $49.92. The business has a 50 day moving average price of $42.07 and a two-hundred day moving average price of $36.45. 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 company has a market cap of $8.13 billion, a PE ratio of -94.46 and a beta of 0.97.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $6.93 billion. During the same quarter in the prior year, the business earned $0.78 earnings per share. The company's quarterly revenue was down 13.5% compared to the same quarter last year. As a group, research analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is -434.78%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Barclays raised their price objective on HF Sinclair from $32.00 to $43.00 and gave the stock 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 target price for the company in a report on Tuesday, July 15th. Wall Street Zen raised HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Scotiabank lifted their price target on HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $49.91.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $42.53, for a total transaction 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. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.34% of the company's stock.

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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