LPL Financial LLC Acquires 11,137 Shares of HF Sinclair Corporation $DINO

Key Points

• LPL Financial LLC increased its stake in HF Sinclair Corporation by 10.4%, owning 118,087 shares worth approximately $3.88 million at the end of the first quarter.
• HF Sinclair recently reported $1.70 EPS, surpassing the consensus estimate of $1.09, although its revenue fell 13.5% year-over-year to $6.78 billion.
• The company announced a quarterly dividend of $0.50 per share, with an expected annualized dividend yield of 4.5%.

LPL Financial LLC raised its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 10.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 118,087 shares of the company's stock after buying an additional 11,137 shares during the period. LPL Financial LLC owned 0.06% of HF Sinclair worth $3,883,000 at the end of the most recent reporting period.

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

HF Sinclair Stock Performance

Shares of DINO stock traded up $1.0060 during midday trading on Wednesday, hitting $46.5560. 3,136,309 shares of the company were exchanged, compared to its average volume of 2,483,413. The firm has a market capitalization of $8.71 billion, a P/E ratio of -101.21 and a beta of 0.97. 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's 50 day moving average price is $43.37 and its two-hundred day moving average price is $36.92. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $49.92.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 EPS. As a group, equities research analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a $0.50 dividend. The ex-dividend date is Thursday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.3%. HF Sinclair's payout ratio is -434.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DINO shares. Morgan Stanley lifted their price objective 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. Mizuho lifted their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. TD Cowen lifted their price objective on shares of HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Finally, Wolfe Research downgraded shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. One investment 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, HF Sinclair has an average rating of "Moderate Buy" and a consensus price target of $49.91.

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 dated 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 of the company's stock, valued at $1,683,805.23. The trade was a 21.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

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.