NFJ Investment Group LLC Makes New $3.18 Million Investment in HF Sinclair Corporation $DINO

Key Points

• NFJ Investment Group LLC acquired a stake of 96,549 shares in HF Sinclair Corporation, valued at approximately $3.2 million, representing a 0.05% ownership by the end of the reporting period.
• HF Sinclair's stock received mixed reviews from analysts; while Piper Sandler and Wolfe Research downgraded their ratings, Mizuho and Scotiabank raised their price targets, resulting in an average rating of "Moderate Buy" and a consensus price target of $50.55.
• HF Sinclair reported earnings of $1.70 per share, exceeding analyst expectations, but experienced a 13.5% decline in revenue compared to the previous year.

NFJ Investment Group LLC bought a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 96,549 shares of the company's stock, valued at approximately $3,175,000. NFJ Investment Group LLC owned 0.05% of HF Sinclair at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DINO. Byrne Asset Management LLC purchased a new stake in HF Sinclair during the 1st quarter worth about $35,000. Allworth Financial LP lifted its holdings in shares of HF Sinclair by 553.9% in the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after purchasing an additional 1,130 shares during the last quarter. UMB Bank n.a. increased its position in HF Sinclair by 2,202.9% in 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. increased its position in HF Sinclair by 15.0% in 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 increased its position 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 period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

DINO stock traded up $0.12 on Thursday, reaching $51.29. The company had a trading volume of 1,016,697 shares, compared to its average volume of 2,865,451. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $53.14. 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 company's fifty day moving average is $46.14 and its 200 day moving average is $38.28. The company has a market cap of $9.59 billion, a P/E ratio of -111.45 and a beta of 1.07.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the prior year, the company earned $0.78 EPS. HF Sinclair's revenue was down 13.5% on a year-over-year basis. On average, research analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DINO shares. TD Cowen boosted their price target on HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Wall Street Zen upgraded HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Raymond James Financial reiterated a "strong-buy" rating on shares of HF Sinclair in a research report on Tuesday. UBS Group boosted their target price on HF Sinclair from $51.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Finally, Piper Sandler boosted their target price on HF Sinclair from $51.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday. 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 company's stock. According to data from MarketBeat, HF Sinclair presently has a consensus 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 on Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the completion of the sale, the executive vice president directly owned 39,591 shares in the company, valued at $1,683,805.23. This represents a 21.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is currently owned by insiders.

HF Sinclair 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.