Nuveen LLC Buys New Shares in HF Sinclair Corporation $DINO

Nuveen LLC purchased a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 761,893 shares of the company's stock, valued at approximately $25,051,000. Nuveen LLC owned 0.40% of HF Sinclair at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC acquired a new position in HF Sinclair during the 4th quarter worth about $31,000. Byrne Asset Management LLC acquired a new stake in HF Sinclair during the 1st quarter worth approximately $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 buying an additional 1,130 shares during the period. UMB Bank n.a. raised its holdings 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 purchasing an additional 1,498 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its position in HF Sinclair by 98.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock worth $56,000 after buying an additional 796 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley boosted their price objective on HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Scotiabank upped their target price on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Wells Fargo & Company increased their price objective on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 11th. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. Finally, Piper Sandler downgraded shares of HF Sinclair from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $53.00 to $51.00 in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $49.91.

HF Sinclair Trading Up 3.0%

NYSE DINO traded up $1.3930 during trading hours on Friday, hitting $47.4430. The company's stock had a trading volume of 674,537 shares, compared to its average volume of 2,897,418. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $49.92. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $8.88 billion, a P/E ratio of -102.97 and a beta of 0.97. The stock has a fifty day moving average of $43.52 and a 200 day moving average of $36.99.

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 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 firm had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business's quarterly revenue was down 13.5% on a year-over-year basis. Equities research analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.2%. HF Sinclair's dividend payout ratio (DPR) is -434.78%.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction 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 in the company, 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 SEC, which is available through this link. 0.34% of the stock is currently owned by corporate 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.