Poinciana Advisors Group LLC Buys New Stake in HF Sinclair Corporation $DINO

Key Points

• Poinciana Advisors Group LLC has acquired a new stake in HF Sinclair Corporation, purchasing 8,516 shares valued at approximately $350,000 during the second quarter.
• HF Sinclair's EVP Valerie Pompa sold 11,000 shares for $467,830 in a recent transaction, decreasing her ownership by 21.74%.
• The company recently declared a quarterly dividend of $0.50 per share, representing an annualized dividend of $2.00 with a yield of 3.8%.

Poinciana Advisors Group LLC bought a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,516 shares of the company's stock, valued at approximately $350,000.

Other hedge funds have also made changes to their positions in the company. Byrne Asset Management LLC acquired a new position in shares of HF Sinclair during the first quarter valued at approximately $35,000. West Oak Capital LLC bought a new stake in HF Sinclair during the second quarter worth approximately $38,000. Allworth Financial LP boosted its holdings in HF Sinclair by 553.9% during the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after buying an additional 1,130 shares in the last quarter. UMB Bank n.a. boosted its holdings 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 worth $51,000 after buying an additional 1,498 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in HF Sinclair by 157.8% during the second quarter. Farther Finance Advisors LLC now owns 1,722 shares of the company's stock worth $71,000 after buying an additional 1,054 shares in the last quarter. Institutional investors and hedge funds 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 dated Friday, August 1st. The shares were 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 in the company, valued at approximately $1,683,805.23. The trade was a 21.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company's stock.

HF Sinclair Stock Down 1.4%

HF Sinclair stock opened at $52.52 on Tuesday. 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 1-year low of $24.66 and a 1-year high of $54.73. The firm's fifty day simple moving average is $48.27 and its 200-day simple moving average is $40.13. The company has a market capitalization of $9.83 billion, a P/E ratio of -114.17 and a beta of 1.07.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.61. The company had revenue of $6.78 billion for 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% compared to the same quarter last year. During the same period last year, the business posted $0.78 earnings per share. Sell-side analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal 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 was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. HF Sinclair's payout ratio is presently -434.78%.

Analyst Ratings Changes

A number of brokerages recently weighed in on DINO. Morgan Stanley raised their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Scotiabank raised their target price on shares of HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. UBS Group raised their price objective on shares of HF Sinclair from $51.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of HF Sinclair in a research note on Tuesday, September 9th. Finally, Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $53.25.

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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