RFG Advisory LLC Acquires Shares of 18,396 HF Sinclair Corporation $DINO

Key Points

• RFG Advisory acquired 18,396 shares of HF Sinclair worth approximately $1.28 million, while institutional investors collectively own 88.29% of the company.
• Analyst sentiment is generally positive, with HF Sinclair carrying a “Moderate Buy” consensus rating and an average price target of $87.25; recent targets range as high as $126.
• HF Sinclair reported quarterly EPS of $5.31, beating estimates, while revenue rose 53.2% year over year to $10.39 billion. The company also increased its quarterly dividend to $0.525 per share.

RFG Advisory LLC bought a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 18,396 shares of the company's stock, valued at approximately $1,281,000.

A number of other institutional investors also recently bought and sold shares of DINO. Virtus Investment Advisers LLC boosted its holdings in shares of HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company's stock valued at $161,000 after buying an additional 195 shares in the last quarter. Parallel Advisors LLC raised its stake in HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company's stock worth $220,000 after acquiring an additional 221 shares in the last quarter. Blue Trust Inc. raised its stake in HF Sinclair by 4.7% during the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company's stock worth $319,000 after acquiring an additional 228 shares in the last quarter. Unison Advisors LLC lifted its position in HF Sinclair by 1.0% in the first quarter. Unison Advisors LLC now owns 23,549 shares of the company's stock valued at $1,469,000 after acquiring an additional 234 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in HF Sinclair by 31.2% in the second quarter. Versant Capital Management Inc now owns 985 shares of the company's stock valued at $69,000 after acquiring an additional 234 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Rhoman J. Hardy acquired 1,508 shares of the business's stock in a transaction on Tuesday, June 16th. The stock was bought at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the transaction, the director owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president owned 42,561 shares of the company's stock, valued at $3,599,809.38. This trade represents a 17.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.26% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on DINO. Weiss Ratings upgraded HF Sinclair from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 4th. Morgan Stanley upped their target price on HF Sinclair from $69.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, June 12th. Freedom Capital downgraded HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. UBS Group lifted their price target on HF Sinclair from $105.00 to $126.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, Raymond James Financial set a $105.00 price objective on HF Sinclair in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, HF Sinclair has an average rating of "Moderate Buy" and an average target price of $87.25.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $108.10 on Friday. The company has a 50-day simple moving average of $91.96 and a 200-day simple moving average of $73.60. HF Sinclair Corporation has a one year low of $45.71 and a one year high of $112.17. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The stock has a market capitalization of $19.22 billion, a price-to-earnings ratio of 10.31 and a beta of 0.71.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.49 by $0.82. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business's revenue was up 53.2% on a year-over-year basis. During the same quarter last year, the company posted $1.10 earnings per share. On average, analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.9%. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 11th. HF Sinclair's dividend payout ratio (DPR) is currently 20.04%.

HF Sinclair Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into transportation fuels, including gasoline, diesel and jet fuel, as well as asphalt, base oils and other specialty products.

Through its marketing operations, HF Sinclair supplies fuel and related products to commercial customers, wholesale distributors and retail locations under brands that include Sinclair, HollyFrontier and various regional fuel brands.

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