OMNI 360 Wealth Inc. Buys Shares of 5,304 HF Sinclair Corporation $DINO

Key Points

• OMNI 360 Wealth Inc. purchased 5,304 shares of HF Sinclair Corporation valued at approximately $218,000 during the second quarter.
• HF Sinclair recently reported a quarterly EPS of $1.70, exceeding expectations, but its revenue decreased by 13.5% compared to the previous year.
• The company declared a quarterly dividend of $0.50, representing an annualized yield of 3.9% despite a negative net margin of 0.32%.

OMNI 360 Wealth Inc. purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,304 shares of the company's stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DINO. Dimensional Fund Advisors LP grew its position in shares of HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after acquiring an additional 1,337,093 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in HF Sinclair by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company's stock valued at $194,888,000 after purchasing an additional 415,206 shares during the last quarter. AQR Capital Management LLC grew its position in HF Sinclair by 109.8% in the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock worth $163,951,000 after purchasing an additional 2,609,857 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of HF Sinclair by 1.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company's stock valued at $83,638,000 after buying an additional 36,592 shares during the last quarter. Finally, Millennium Management LLC increased its stake in HF Sinclair by 207.5% during the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company's stock valued at $64,774,000 after buying an additional 1,329,408 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Trading Down 1.2%

Shares of NYSE DINO opened at $51.11 on Monday. 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 Corporation has a one year low of $24.66 and a one year high of $53.14. The business has a 50-day moving average price of $46.43 and a two-hundred day moving average price of $38.53. The firm has a market capitalization of $9.56 billion, a PE ratio of -111.11 and a beta of 1.07.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly 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 analysts' expectations of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm's quarterly revenue was down 13.5% compared to the same quarter last year. During the same period last year, the company posted $0.78 earnings per share. As a group, analysts predict that HF Sinclair Corporation will post 2.39 earnings per share 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 paid a $0.50 dividend. The ex-dividend date of this dividend 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 -434.78%.

Insider Activity

In related news, EVP Valerie Pompa sold 11,000 shares of the 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 approximately $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 accessible through the SEC website. Corporate insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

DINO has been the topic of a number of research analyst reports. Scotiabank raised their price objective on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Wells Fargo & Company upped their price objective on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, June 11th. TD Cowen lifted their target price on HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a report on Friday, August 1st. Raymond James Financial reissued a "strong-buy" rating on shares of HF Sinclair in a report on Tuesday, September 9th. Finally, Morgan Stanley increased their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $51.82.

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.

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