QSV Equity Investors LLC Makes New $250,000 Investment in HF Sinclair Corporation $DINO

Key Points

• QSV Equity Investors LLC has made a new investment of approximately $250,000 in HF Sinclair Corporation, acquiring 7,599 shares during the first quarter.
• HF Sinclair's recent earnings report revealed an EPS of $1.70, exceeding estimates but showing a year-over-year revenue decline of 13.5%.
• The company declared a quarterly dividend of $0.50 per share, which reflects an annual yield of 4.5%.

QSV Equity Investors LLC purchased a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,599 shares of the company's stock, valued at approximately $250,000.

Several other hedge funds have also bought and sold shares of DINO. CWA Asset Management Group LLC purchased a new stake in shares of HF Sinclair during the 1st quarter valued at about $421,000. Pacific Heights Asset Management LLC raised its position in shares of HF Sinclair by 9.1% during the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock valued at $7,891,000 after buying an additional 20,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of HF Sinclair by 72.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock valued at $1,684,000 after buying an additional 21,597 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of HF Sinclair by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company's stock valued at $42,399,000 after buying an additional 27,764 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of HF Sinclair by 7.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock valued at $4,354,000 after buying an additional 9,070 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler lowered shares of HF Sinclair from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $53.00 to $51.00 in a research report on Tuesday, July 22nd. Mizuho increased their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. UBS Group reissued a "buy" rating and issued a $51.00 price objective (up from $48.00) on shares of HF Sinclair in a research report on Monday, August 4th. Barclays upped their target price on shares of HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 9th. Finally, Raymond James Financial upgraded shares of HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price objective on the stock in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $49.91.

HF Sinclair Stock Performance

NYSE:DINO opened at $44.77 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of -97.33 and a beta of 0.97. The company's 50-day moving average is $42.89 and its two-hundred day moving average is $36.73. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $49.92.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the firm earned $0.78 EPS. The firm's revenue for the quarter was down 13.5% on a year-over-year basis. Analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.5%. HF Sinclair's dividend payout ratio is currently -434.78%.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 11,000 shares of the 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 completion of the sale, the executive vice president owned 39,591 shares in the company, valued at $1,683,805.23. This 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 the SEC website. 0.28% of the stock is currently owned by corporate insiders.

About HF Sinclair

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.

Want to see what other hedge funds are holding DINO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HF Sinclair Corporation (NYSE:DINO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.