Millennium Management LLC Acquires 1,329,408 Shares of HF Sinclair Corporation $DINO

Millennium Management LLC grew its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 207.5% during the first quarter, according to its most recent 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 period. Millennium Management LLC owned approximately 1.05% of HF Sinclair worth $64,774,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DINO. Byrne Asset Management LLC purchased a new position in HF Sinclair during the 1st quarter valued at about $35,000. Allworth Financial LP lifted its position in HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after acquiring an additional 1,130 shares during the period. UMB Bank n.a. lifted its position in HF Sinclair by 2,202.9% during the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after acquiring an additional 1,498 shares during the period. Harbour Investments Inc. lifted its position in HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock valued at $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 first quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company's stock worth $84,000 after buying an additional 2,367 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Trading Down 1.2%

Shares of DINO traded down $0.61 during midday trading on Friday, hitting $51.11. The stock had a trading volume of 1,923,025 shares, compared to its average volume of 2,357,190. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $53.14. The firm has a market cap of $9.56 billion, a PE ratio of -111.11 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The stock's 50 day moving average is $46.43 and its 200 day moving average is $38.51.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The business's revenue for the quarter was down 13.5% on a year-over-year basis. As a group, analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a $0.50 dividend. The ex-dividend date was Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. HF Sinclair's dividend payout ratio is presently -434.78%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group lifted their target price on shares of HF Sinclair from $51.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Scotiabank upped their target price on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. TD Cowen upped their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a report on Friday, August 1st. Morgan Stanley upped their price target on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of HF Sinclair in a research report on Tuesday. One equities 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.82.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the company'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 transaction, the executive vice president directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.34% of the company's stock.

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.