Kovitz Investment Group Partners LLC Buys 229,077 Shares of HF Sinclair Corporation $DINO

Key Points

• Kovitz Investment Group Partners LLC acquired an additional 229,077 shares of HF Sinclair Corporation, increasing their total ownership to 241,554 shares, valued at approximately $7.94 million.
• HF Sinclair reported earnings per share of $1.70 for the latest quarter, surpassing estimates, but its revenue declined 13.5% year-over-year to $6.78 billion.
• The company declared a quarterly dividend of $0.50 per share, set to be paid on September 4th, providing a 4.5% yield to shareholders.

Kovitz Investment Group Partners LLC increased its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 1,836.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 241,554 shares of the company's stock after purchasing an additional 229,077 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.13% of HF Sinclair worth $7,942,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Southeastern Asset Management Inc. TN acquired a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $96,344,000. Balyasny Asset Management L.P. raised its position in shares of HF Sinclair by 645.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after acquiring an additional 1,593,875 shares during the last quarter. First Trust Advisors LP boosted its holdings in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after acquiring an additional 1,096,485 shares during the last quarter. AQR Capital Management LLC increased its position in HF Sinclair by 61.6% in the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock worth $82,536,000 after purchasing an additional 906,225 shares during the period. Finally, Nuveen LLC bought a new stake in HF Sinclair during the 1st quarter worth about $25,051,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Trading Up 0.0%

DINO traded up $0.0160 during trading on Thursday, reaching $46.1060. 868,158 shares of the company's stock were exchanged, compared to its average volume of 2,901,433. 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 one year low of $24.66 and a one year high of $49.92. The firm has a fifty day moving average price of $43.37 and a two-hundred day moving average price of $36.92. The stock has a market capitalization of $8.63 billion, a PE ratio of -100.04 and a beta of 0.97.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.70 EPS 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 negative net margin of 0.32% and a positive return on equity of 1.89%. HF Sinclair's revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. As a group, equities research analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Thursday, August 21st. HF Sinclair's dividend payout ratio is currently -434.78%.

Insider Buying and Selling at HF Sinclair

In related news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction 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 completion of the transaction, the executive vice president owned 39,591 shares of the company's stock, valued at $1,683,805.23. This trade represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on DINO. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Barclays lifted their price target on shares of HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Morgan Stanley raised their price target on HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Mizuho lifted their price objective on HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, TD Cowen increased their target price on HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.91.

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.