OMNI 360 Wealth Inc. Makes New $218,000 Investment in 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. bought a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 5,304 shares of the company's stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DINO. AQR Capital Management LLC lifted its holdings in shares of 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 buying an additional 2,609,857 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of HF Sinclair by 1,633.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company's stock worth $55,730,000 after buying an additional 1,597,152 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of HF Sinclair by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after buying an additional 1,337,093 shares during the last quarter. Millennium Management LLC boosted its position in HF Sinclair by 207.5% during the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company's stock worth $64,774,000 after purchasing an additional 1,329,408 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of HF Sinclair in the first quarter worth approximately $25,051,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Down 1.3%

Shares of NYSE:DINO traded down $0.71 during mid-day trading on Friday, reaching $52.40. The stock had a trading volume of 547,157 shares, compared to its average volume of 2,844,623. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The firm has a market cap of $9.80 billion, a PE ratio of -113.98 and a beta of 1.07. The firm has a 50 day simple moving average of $47.03 and a two-hundred day simple moving average of $38.98. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $53.33.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its 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 firm 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 quarterly revenue was down 13.5% on a year-over-year basis. During the same period last year, the company posted $0.78 EPS. On average, research analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Thursday, August 21st. HF Sinclair's dividend payout ratio is presently -434.78%.

Analyst Ratings Changes

Several brokerages have weighed in on DINO. The Goldman Sachs Group increased their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a "buy" rating in a research note on Thursday. Wells Fargo & Company increased their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 11th. Morgan Stanley upped their target price 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. Mizuho raised their target price on shares of HF Sinclair from $52.00 to $60.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Piper Sandler raised their price target on shares of HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $53.25.

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 value of $467,830.00. Following the transaction, the executive vice president directly owned 39,591 shares in the company, valued at $1,683,805.23. This trade represents a 21.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.34% of the company's stock.

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.