Pingora Partners LLC Has $1.85 Million Stock Position in HF Sinclair Corporation $DINO

Key Points

• Pingora Partners LLC significantly increased its holdings in HF Sinclair Corporation, raising its position by 8,825.4% to own 56,230 shares, worth approximately $1.85 million.
• HF Sinclair recently reported an EPS of $1.70 for the last quarter, exceeding analyst expectations but showing a 13.5% decline in revenue year-over-year.
• The company also declared a quarterly dividend of $0.50 per share, with a current dividend yield of 3.9% despite a negative payout ratio.

Pingora Partners LLC grew its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 8,825.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,230 shares of the company's stock after purchasing an additional 55,600 shares during the period. HF Sinclair comprises about 1.4% of Pingora Partners LLC's holdings, making the stock its 15th biggest holding. Pingora Partners LLC's holdings in HF Sinclair were worth $1,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new position in HF Sinclair during the first quarter valued at $35,000. Allworth Financial LP raised its position in HF Sinclair by 553.9% during the first 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 position 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 valued at $51,000 after buying an additional 1,498 shares during the period. Harbour Investments Inc. raised its position in HF Sinclair by 15.0% during the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock valued at $78,000 after buying an additional 310 shares during the period. Finally, Exchange Traded Concepts LLC raised its position in HF Sinclair by 1,265.8% during the first quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company's stock valued at $84,000 after buying an additional 2,367 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DINO shares. Wall Street Zen raised HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Scotiabank upped 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. Barclays upped their target price on HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. Wells Fargo & Company upped their target price on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 11th. Finally, Wolfe Research lowered HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. One 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 given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $51.82.

HF Sinclair Stock Up 0.4%

Shares of NYSE DINO traded up $0.23 during mid-day trading on Thursday, reaching $51.40. 1,106,110 shares of the company traded hands, compared to its average volume of 2,866,135. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The stock has a market cap of $9.61 billion, a PE ratio of -111.70 and a beta of 1.07. The company's fifty day moving average is $46.14 and its two-hundred day moving average is $38.28. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $53.14.

HF Sinclair (NYSE:DINO - Get Free Report) last issued 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 for the quarter, compared to analyst estimates 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 for the quarter was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.50 per share. 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 currently -434.78%.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the transaction, the executive vice president owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.34% of the company's stock.

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.