Jackson Hole Capital Partners LLC Boosts Stock Position in HF Sinclair Corporation $DINO

Key Points

• Jackson Hole Capital Partners LLC increased its stake in HF Sinclair Corporation by 32.2% during the second quarter, owning 63,807 shares worth approximately $2.62 million.
• HF Sinclair's recent earnings report showed earnings per share of $1.70, exceeding analysts' estimates, despite a 13.5% decrease in revenue year-over-year.
• The company declared a quarterly dividend of $0.50 per share, representing an annual yield of 3.6%, with a payout ratio of -434.78%.

Jackson Hole Capital Partners LLC grew its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 32.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,807 shares of the company's stock after buying an additional 15,532 shares during the quarter. Jackson Hole Capital Partners LLC's holdings in HF Sinclair were worth $2,621,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kiker Wealth Management LLC purchased a new stake in shares of HF Sinclair in the second quarter valued at approximately $32,000. West Oak Capital LLC purchased a new stake in shares of HF Sinclair in the second quarter valued at approximately $38,000. Hilltop National Bank acquired a new stake in shares of HF Sinclair in the second quarter worth approximately $46,000. Allworth Financial LP boosted its stake in shares of HF Sinclair by 553.9% in the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after acquiring an additional 1,130 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of HF Sinclair by 21.4% in the second quarter. IFP Advisors Inc now owns 1,694 shares of the company's stock worth $71,000 after acquiring an additional 299 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

NYSE DINO opened at $54.82 on Friday. The stock's fifty day moving average is $51.18 and its two-hundred day moving average is $42.47. The firm has a market capitalization of $10.25 billion, a P/E ratio of -119.16 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $55.36.

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

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.6%. HF Sinclair's payout ratio is -434.78%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DINO. Piper Sandler lifted their price target on HF Sinclair from $51.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, September 11th. Mizuho lifted their price target on HF Sinclair from $52.00 to $60.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Wells Fargo & Company began coverage on HF Sinclair in a research note on Friday, October 17th. They issued an "equal weight" rating and a $58.00 price target on the stock. The Goldman Sachs Group lifted their price target on HF Sinclair from $54.00 to $61.00 and gave the stock a "buy" rating in a research note on Thursday, September 18th. Finally, TD Cowen lifted their price target on HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, HF Sinclair presently has an average rating of "Moderate Buy" and an average target price of $58.36.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the company's stock in a transaction 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 transaction, the executive vice president 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 document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by company insiders.

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.

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