Pallas Capital Advisors LLC Has $1.49 Million Stock Holdings in HF Sinclair Corporation $DINO

Key Points

• Pallas Capital Advisors LLC increased its stake in HF Sinclair Corporation by 96% during Q2, acquiring an additional 17,776 shares to hold a total of 36,293 shares valued at approximately $1.49 million.
• HF Sinclair reported a quarterly earnings per share of $1.70, exceeding estimates but showing a 13.5% revenue decline compared to the same quarter last year.
• The company declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend yield of 3.8%, despite a negative payout ratio of -434.78%.

Pallas Capital Advisors LLC grew its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 96.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,293 shares of the company's stock after purchasing an additional 17,776 shares during the period. Pallas Capital Advisors LLC's holdings in HF Sinclair were worth $1,491,000 at the end of the most recent quarter.

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

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total transaction of $467,830.00. Following the sale, the executive vice president directly owned 39,591 shares of the company's stock, valued at $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DINO shares. Raymond James Financial reissued a "strong-buy" rating on shares of HF Sinclair in a research note on Tuesday, September 9th. Mizuho boosted their target price on HF Sinclair from $52.00 to $60.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Wolfe Research lowered HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. UBS Group boosted their price objective on HF Sinclair from $51.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Finally, Barclays raised their target price on shares of HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, HF Sinclair has an average rating of "Moderate Buy" and a consensus price target of $53.25.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded down $0.63 during midday trading on Friday, reaching $52.48. 4,148,745 shares of the company's stock traded hands, compared to its average volume of 2,270,161. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $53.33. The company has a market cap of $9.82 billion, a price-to-earnings ratio of -114.09 and a beta of 1.07. The stock has a 50 day moving average of $47.18 and a 200 day moving average of $39.12.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates 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 company had revenue of $6.78 billion for the quarter, compared to analysts' expectations of $6.93 billion. During the same quarter in the previous year, the company earned $0.78 EPS. HF Sinclair's revenue for the quarter was down 13.5% on a year-over-year basis. As a group, equities research analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

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

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.