Kestra Investment Management LLC Raises Stock Holdings in HF Sinclair Corporation $DINO

Key Points

• Kestra Investment Management LLC increased its holdings in HF Sinclair Corporation by 61.7%, owning a total of 18,992 shares valued at approximately $624,000 as of the end of the 1st quarter.
• HF Sinclair's stock opened at $51.06 with a market capitalization of $9.55 billion, while the company reported a 13.5% decline in revenue year-over-year for the last quarter.
• The company announced a quarterly dividend of $0.50 per share, representing a 3.9% yield, and insiders hold 0.28% of the company's stock.

Kestra Investment Management LLC raised its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 61.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,992 shares of the company's stock after purchasing an additional 7,245 shares during the period. Kestra Investment Management LLC's holdings in HF Sinclair were worth $624,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DINO. Southeastern Asset Management Inc. TN purchased a new position in shares of HF Sinclair in the fourth quarter worth about $96,344,000. AQR Capital Management LLC grew its stake in HF Sinclair by 109.8% during the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock valued at $163,951,000 after acquiring an additional 2,609,857 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in HF Sinclair by 1,633.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company's stock valued at $55,730,000 after acquiring an additional 1,597,152 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock valued at $269,142,000 after acquiring an additional 1,337,093 shares in the last quarter. Finally, Millennium Management LLC grew its stake in HF Sinclair by 207.5% during the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company's stock valued at $64,774,000 after acquiring an additional 1,329,408 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

DINO has been the subject of several recent analyst reports. Wolfe Research cut shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. Mizuho boosted their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 11th. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Piper Sandler boosted their price objective on shares of HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $51.82.

HF Sinclair Trading Down 1.2%

Shares of DINO traded down $0.61 during mid-day trading on Friday, reaching $51.11. The company's stock had a trading volume of 1,923,025 shares, compared to its average volume of 2,381,298. The stock has a market cap of $9.56 billion, a PE ratio of -111.11 and a beta of 1.07. 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 52 week low of $24.66 and a 52 week high of $53.14. The company's fifty day moving average price is $46.43 and its two-hundred day moving average price is $38.53.

HF Sinclair (NYSE:DINO - Get Free Report) last announced 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 firm had revenue of $6.78 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. On average, analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, August 21st. HF Sinclair's payout ratio is presently -434.78%.

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 that occurred on 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 directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. The trade was a 21.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.28% of the company's stock.

HF Sinclair 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.