Millennium Management LLC Increases Position in HF Sinclair Corporation $DINO

Millennium Management LLC increased its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 207.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,970,006 shares of the company's stock after purchasing an additional 1,329,408 shares during the quarter. Millennium Management LLC owned approximately 1.05% of HF Sinclair worth $64,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Byrne Asset Management LLC acquired a new stake in shares of HF Sinclair during the 1st quarter worth about $35,000. Allworth Financial LP raised its position in shares of HF Sinclair by 553.9% in the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after buying an additional 1,130 shares during the last quarter. UMB Bank n.a. boosted its position in HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock worth $51,000 after acquiring an additional 1,498 shares during the last quarter. Harbour Investments Inc. grew its stake in HF Sinclair by 15.0% in the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock worth $78,000 after acquiring an additional 310 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in HF Sinclair by 1,265.8% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company's stock valued at $84,000 after acquiring an additional 2,367 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DINO shares. TD Cowen raised their price objective on HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a 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. Scotiabank lifted their price target on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Mizuho upped 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. Finally, Piper Sandler increased their price objective on shares of HF Sinclair from $51.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. 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 other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

HF Sinclair Trading Down 1.1%

DINO traded down $0.56 during trading on Friday, hitting $51.17. 1,322,307 shares of the company's stock were exchanged, compared to its average volume of 2,869,238. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $53.14. The stock has a 50 day moving average price of $46.29 and a 200 day moving average price of $38.38. The firm has a market cap of $9.57 billion, a P/E ratio of -111.23 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 (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. The business had revenue of $6.78 billion for 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%. The business's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. As a group, analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is presently -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.