Kaufman Rossin Wealth LLC Acquires Shares of 12,156 HF Sinclair Corporation $DINO

Key Points

• Kaufman Rossin Wealth LLC acquired 12,156 shares of HF Sinclair Corporation, valued at approximately $400,000, during the first quarter.
• Several institutional investors significantly increased their stakes in HF Sinclair, with Price T Rowe Associates lifting its holdings by 1,633.6%, now owning almost 1.7 million shares.
• HF Sinclair announced a quarterly dividend of $0.50 per share, resulting in a 4.3% dividend yield for stockholders of record by August 21st.

Kaufman Rossin Wealth LLC acquired a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,156 shares of the company's stock, valued at approximately $400,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of HF Sinclair by 24.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 119,704 shares of the company's stock valued at $4,196,000 after buying an additional 23,856 shares during the period. Mariner LLC lifted its stake in shares of HF Sinclair by 22.3% in the fourth quarter. Mariner LLC now owns 39,295 shares of the company's stock valued at $1,377,000 after purchasing an additional 7,164 shares during the period. Marshall Wace LLP acquired a new position in shares of HF Sinclair in the fourth quarter valued at approximately $302,000. Forum Financial Management LP increased its position in shares of HF Sinclair by 7.2% in the fourth quarter. Forum Financial Management LP now owns 6,345 shares of the company's stock worth $222,000 after acquiring an additional 424 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of HF Sinclair in the fourth quarter valued at $776,000. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Performance

NYSE:DINO traded down $0.10 during trading on Tuesday, reaching $49.12. The company's stock had a trading volume of 734,601 shares, compared to its average volume of 2,899,010. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $49.78. The firm has a 50 day moving average of $43.87 and a 200-day moving average of $37.15. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of -106.75 and a beta of 0.97.

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 for the quarter, topping analysts' consensus estimates 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 firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the company earned $0.78 EPS. The business's quarterly revenue was down 13.5% compared to the same quarter last year. Research analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed 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. 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 4.1%. HF Sinclair's dividend payout ratio is -434.78%.

Wall Street Analyst Weigh In

DINO has been the topic of several recent research reports. Wolfe Research downgraded shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. Piper Sandler cut shares of HF Sinclair from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock 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 target on the stock in a report on Tuesday, July 15th. Barclays increased their price objective on shares of HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. Finally, Morgan Stanley increased their price target 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. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, HF Sinclair has a consensus rating of "Moderate Buy" and an average target price of $50.55.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company's stock.

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.