Petrus Trust Company LTA Has $644,000 Position in HF Sinclair Corporation $DINO

Key Points

• Petrus Trust Company LTA increased its holdings in HF Sinclair Corporation by 66.4% in Q1, bringing their total investment to $644,000.
• HF Sinclair recently reported an EPS of $1.70 for the last quarter, significantly beating analysts' expectations, although revenue was down 13.5% year-over-year.
• The company's quarterly dividend of $0.50 provides an annual yield of 3.9%, despite a notable dividend payout ratio of -434.78%.

Petrus Trust Company LTA grew its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 66.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,593 shares of the company's stock after purchasing an additional 7,816 shares during the quarter. Petrus Trust Company LTA's holdings in HF Sinclair were worth $644,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of DINO. Byrne Asset Management LLC acquired a new position in HF Sinclair in the first quarter worth $35,000. Allworth Financial LP boosted its stake in HF Sinclair by 553.9% in the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after purchasing an additional 1,130 shares in the last quarter. UMB Bank n.a. boosted its stake in HF Sinclair by 2,202.9% in 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 in the last quarter. Harbour Investments Inc. boosted its stake in HF Sinclair by 15.0% in the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock worth $78,000 after purchasing an additional 310 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in HF Sinclair by 1,265.8% in the first quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company's stock worth $84,000 after purchasing an additional 2,367 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wolfe Research lowered HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. Morgan Stanley boosted their target price on HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Wall Street Zen upgraded HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Scotiabank boosted their target price on HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Finally, Raymond James Financial upgraded HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 target price for the company in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $50.55.

HF Sinclair Trading Down 0.9%

NYSE DINO opened at $51.09 on Friday. The stock has a 50-day simple moving average of $45.59 and a 200 day simple moving average of $37.98. The company has a market capitalization of $9.56 billion, a PE ratio of -111.07 and a beta of 1.07. 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 12 month low of $24.66 and a 12 month high of $52.86.

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

HF Sinclair Announces Dividend

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

Insider Buying and Selling

In related news, EVP Valerie Pompa sold 11,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was 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 approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate 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.

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