Raymond James Financial Inc. Has $8.45 Million Holdings in HF Sinclair Corporation $DINO

Key Points

• Raymond James Financial Inc. increased its stake in HF Sinclair Corporation by 2.0%, owning a total of 256,941 shares valued at approximately $8.45 million.
• HF Sinclair recently announced a quarterly dividend of $0.50 per share, which will be paid on September 4th with an ex-dividend date of August 21st.
• The company reported $1.70 earnings per share in its latest quarterly earnings, significantly beating the expected consensus estimate of $1.09 despite a 13.5% decline in revenue year-over-year.

Raymond James Financial Inc. boosted its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 2.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 256,941 shares of the company's stock after acquiring an additional 5,012 shares during the period. Raymond James Financial Inc. owned 0.14% of HF Sinclair worth $8,448,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DINO. Southeastern Asset Management Inc. TN acquired a new stake in HF Sinclair during the 4th quarter worth $96,344,000. Balyasny Asset Management L.P. grew its holdings in HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after acquiring an additional 1,593,875 shares during the period. Dimensional Fund Advisors LP grew its holdings in HF Sinclair by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after acquiring an additional 1,337,093 shares during the period. Nuveen LLC acquired a new stake in HF Sinclair during the 1st quarter worth $25,051,000. Finally, Voloridge Investment Management LLC grew its holdings in HF Sinclair by 104.8% during the 4th quarter. Voloridge Investment Management LLC now owns 1,232,387 shares of the company's stock worth $43,195,000 after acquiring an additional 630,538 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DINO shares. Wolfe Research cut shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. TD Cowen lifted their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. Scotiabank lifted their price target on shares of 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, Wells Fargo & Company lifted their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and an average price target of $50.55.

HF Sinclair Stock Down 0.1%

NYSE:DINO traded down $0.03 on Thursday, hitting $51.54. 1,595,894 shares of the company's stock were exchanged, compared to its average volume of 2,880,380. The firm has a 50-day moving average price of $45.19 and a 200-day moving average price of $37.80. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $52.86. The company has a market cap of $9.64 billion, a P/E ratio of -112.05 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 EPS 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 analysts' expectations of $6.93 billion. During the same period in the previous year, the firm posted $0.78 EPS. The company's revenue for the quarter was down 13.5% on a year-over-year basis. As a group, analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.9%. HF Sinclair's payout ratio is -434.78%.

Insider Buying and Selling at HF Sinclair

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 directly owned 39,591 shares in the company, valued at $1,683,805.23. The trade was a 21.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by corporate insiders.

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.