Kestra Investment Management LLC Increases Position 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 grew its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 61.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,992 shares of the company's stock after buying an additional 7,245 shares during the quarter. Kestra Investment Management LLC's holdings in HF Sinclair were worth $624,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DINO. Harbour Investments Inc. lifted its holdings in HF Sinclair by 15.0% during the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock worth $78,000 after buying an additional 310 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in HF Sinclair by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock worth $685,000 after buying an additional 379 shares during the period. Bank & Trust Co lifted its holdings in HF Sinclair by 8.7% during the first quarter. Bank & Trust Co now owns 4,838 shares of the company's stock worth $159,000 after buying an additional 389 shares during the period. Financial Engines Advisors L.L.C. lifted its holdings in HF Sinclair by 1.5% during the first quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company's stock worth $876,000 after buying an additional 392 shares during the period. Finally, Louisiana State Employees Retirement System lifted its holdings in HF Sinclair by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company's stock worth $1,473,000 after buying an additional 400 shares during the period. Institutional investors own 88.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DINO. TD Cowen upped their price target on HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. Wall Street Zen raised HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Barclays upped their price target on HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of HF Sinclair in a research report on Tuesday. One 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. Based on data from MarketBeat.com, HF Sinclair currently has a consensus rating of "Moderate Buy" and a consensus price target of $51.82.

Insiders Place Their Bets

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 value of $467,830.00. Following the completion of the sale, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company's stock.

HF Sinclair Price Performance

HF Sinclair stock traded up $0.48 during midday trading on Thursday, reaching $51.65. The company had a trading volume of 3,217,196 shares, compared to its average volume of 2,255,807. The company has a market capitalization of $9.66 billion, a P/E ratio of 55.62 and a beta of 1.07. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $53.14. The firm's fifty day simple moving average is $46.14 and its 200-day simple moving average is $38.28. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83.

HF Sinclair (NYSE:DINO - Get Free Report) last released its 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 business 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 posted $0.78 EPS. The business's revenue was down 13.5% on a year-over-year basis. As a group, equities analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.9%. The ex-dividend date was Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is -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.