Vanguard Group Inc. Sells 172,648 Shares of HF Sinclair Corporation $DINO

Key Points

• Vanguard Group Inc. reduced its stake in HF Sinclair by 1.0%, selling 172,648 shares, leaving it with approximately 16.5 million shares valued at $543.4 million.
• HF Sinclair announced a quarterly dividend of $0.50, representing an annualized dividend yield of 4.5%, with an ex-dividend date set for August 21st.
• Analysts have diverse opinions on HF Sinclair, with ratings ranging from sell to strong buy, and the consensus price target stands at $49.91.

Vanguard Group Inc. lessened its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 1.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 16,526,088 shares of the company's stock after selling 172,648 shares during the period. Vanguard Group Inc. owned about 8.77% of HF Sinclair worth $543,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Southeastern Asset Management Inc. TN acquired a new stake in shares of HF Sinclair in the 4th quarter valued at $96,344,000. Balyasny Asset Management L.P. increased its holdings in shares of HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after purchasing an additional 1,593,875 shares during the period. First Trust Advisors LP lifted its position 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 worth $110,025,000 after purchasing an additional 1,096,485 shares during the period. AQR Capital Management LLC lifted its holdings 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 acquiring an additional 906,225 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of HF Sinclair by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock worth $240,026,000 after buying an additional 737,696 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

Insider Buying and Selling 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 value 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 approximately $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 can be accessed through this link. Corporate insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

A number of research firms have commented on DINO. Barclays boosted their price target on shares of HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. TD Cowen boosted their price objective on HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a report on Friday, August 1st. Piper Sandler downgraded HF Sinclair from an "overweight" rating to a "neutral" rating and cut their price target for the company from $53.00 to $51.00 in a research note on Tuesday, July 22nd. Raymond James Financial raised 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. Finally, Wall Street Zen raised HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $49.91.

HF Sinclair Stock Up 1.8%

Shares of HF Sinclair stock traded up $0.79 on Tuesday, reaching $45.43. 345,916 shares of the company were exchanged, compared to its average volume of 2,902,458. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $43.05 and a 200 day moving average of $36.79. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of -98.98 and a beta of 0.97. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $49.92.

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 the consensus estimate of $1.09 by $0.61. The firm had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The business's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. On average, equities research analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

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 issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.4%. HF Sinclair's dividend payout ratio (DPR) 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.