Invesco Ltd. Has $63.39 Million Holdings in HF Sinclair Corporation $DINO

Key Points

• Invesco Ltd. increased its stake in HF Sinclair Corporation by 46.4%, acquiring an additional 610,688 shares in the first quarter, bringing their total holdings to approximately 1.02% of the company.
• HF Sinclair recently reported an EPS of $1.70, exceeding analyst expectations, despite recording a 13.5% decline in revenue year-over-year.
• Analyst ratings for HF Sinclair show a mix of sentiment, with one upgrade to strong-buy and an average price target of $49.91, indicating a positive outlook despite mixed predictions.

Invesco Ltd. lifted its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 46.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,927,890 shares of the company's stock after buying an additional 610,688 shares during the period. Invesco Ltd. owned about 1.02% of HF Sinclair worth $63,389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DINO. CWA Asset Management Group LLC bought a new position in HF Sinclair in the first quarter valued at approximately $421,000. Pacific Heights Asset Management LLC raised its position in HF Sinclair by 9.1% during the first quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock worth $7,891,000 after acquiring an additional 20,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in HF Sinclair by 72.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock worth $1,684,000 after acquiring an additional 21,597 shares in the last quarter. Principal Financial Group Inc. lifted its stake in HF Sinclair by 2.2% in the first quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company's stock valued at $42,399,000 after acquiring an additional 27,764 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of HF Sinclair by 7.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock valued at $4,354,000 after acquiring an additional 9,070 shares during the period. Institutional investors own 88.29% of the company's stock.

Insider Buying and Selling

In related news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction that occurred 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 sale, the executive vice president directly owned 39,591 shares in the company, valued at $1,683,805.23. This trade represents a 21.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.28% of the company's stock.

Wall Street Analysts Forecast Growth

DINO has been the subject of several recent analyst reports. Scotiabank raised their target price on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Raymond James Financial raised HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 target price on the stock in a report on Tuesday, July 15th. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. TD Cowen increased their price objective on shares of HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Finally, Mizuho lifted their target price on shares of HF Sinclair from $50.00 to $52.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. One investment 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's stock. According to MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and a consensus target price of $49.91.

HF Sinclair Price Performance

HF Sinclair stock traded up $0.9640 during trading hours on Wednesday, reaching $46.5140. 1,430,742 shares of the stock were exchanged, compared to its average volume of 2,903,275. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $49.92. The company has a market cap of $8.70 billion, a P/E ratio of -100.92 and a beta of 0.97. The stock has a 50 day moving average of $43.21 and a two-hundred day moving average of $36.85.

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

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be given a $0.50 dividend. The ex-dividend date is Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.3%. 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.