Level Four Advisory Services LLC Has $4.12 Million Stock Position in HF Sinclair Corporation $DINO

Key Points

• Level Four Advisory Services LLC increased its stake in HF Sinclair Corporation by 71.4%, owning 125,263 shares worth approximately $4.12 million following the purchase of an additional 52,182 shares.
• Several institutional investors, including Envestnet Asset Management and Mariner LLC, also increased their positions, indicating strong interest in DINO, with institutional ownership now at 88.29%.
• HF Sinclair announced a quarterly dividend of $0.50, which yields 4.3%, while analysts have set a consensus target price of $49.91 for the stock, reflecting positive market sentiment.

Level Four Advisory Services LLC boosted its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 71.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,263 shares of the company's stock after acquiring an additional 52,182 shares during the quarter. Level Four Advisory Services LLC owned 0.07% of HF Sinclair worth $4,119,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DINO. CWA Asset Management Group LLC acquired a new position in shares of HF Sinclair during the 1st quarter valued at $421,000. Pacific Heights Asset Management LLC increased its position in shares of HF Sinclair by 9.1% during the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock valued at $7,891,000 after purchasing an additional 20,000 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of HF Sinclair by 72.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock valued at $1,684,000 after purchasing an additional 21,597 shares during the period. Principal Financial Group Inc. increased its position in shares of HF Sinclair by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company's stock valued at $42,399,000 after purchasing an additional 27,764 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of HF Sinclair by 7.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock valued at $4,354,000 after purchasing an additional 9,070 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DINO shares. Barclays lifted their price target on HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Piper Sandler cut HF Sinclair from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $53.00 to $51.00 in a report on Tuesday, July 22nd. Mizuho lifted their target price on HF Sinclair from $50.00 to $52.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Raymond James Financial upgraded HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 target price on the stock in a report on Tuesday, July 15th. Finally, Wolfe Research cut HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $50.55.

HF Sinclair Stock Down 0.1%

Shares of NYSE DINO traded down $0.03 during mid-day trading on Tuesday, hitting $49.19. The company had a trading volume of 650,604 shares, compared to its average volume of 2,898,403. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $49.78. The company has a market capitalization of $9.20 billion, a PE ratio of -106.91 and a beta of 0.97. The firm has a 50-day simple moving average of $43.87 and a two-hundred day simple moving average of $37.15. 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 (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.61. The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.78 EPS. On average, equities analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors 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 yield of 4.1%. The ex-dividend date of this dividend is Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is -434.78%.

Insider Transactions at HF Sinclair

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