Stratos Wealth Partners LTD. Decreases Position in HF Sinclair Corporation $DINO

Key Points

• Stratos Wealth Partners LTD. decreased its position in HF Sinclair Corporation by 27.5% in Q2, reducing its holdings to 20,804 shares worth approximately $855,000.
• A number of hedge funds, including AQR Capital Management and Price T Rowe Associates, significantly increased their stakes in HF Sinclair during the first quarter, highlighting strong institutional interest in the company.
• HF Sinclair recently reported quarterly earnings exceeding expectations, with an EPS of $1.70, while also announcing a quarterly dividend of $0.50 paid to stockholders, reflecting a 3.8% yield.

Stratos Wealth Partners LTD. lessened its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 27.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 20,804 shares of the company's stock after selling 7,908 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in HF Sinclair were worth $855,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in shares of HF Sinclair by 109.8% during the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock worth $163,951,000 after buying an additional 2,609,857 shares during the period. Price T Rowe Associates Inc. MD raised its stake in HF Sinclair by 1,633.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company's stock worth $55,730,000 after acquiring an additional 1,597,152 shares during the last quarter. Dimensional Fund Advisors LP lifted its position 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. Millennium Management LLC grew its stake in HF Sinclair by 207.5% during the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company's stock valued at $64,774,000 after purchasing an additional 1,329,408 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of HF Sinclair in the first quarter valued at about $25,051,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Insider Activity at HF Sinclair

In related news, EVP Valerie Pompa sold 11,000 shares of the company'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 completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

HF Sinclair Trading Up 3.4%

DINO stock opened at $52.90 on Thursday. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $54.73. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The firm has a market cap of $9.90 billion, a P/E ratio of -114.99 and a beta of 1.00. The company's 50-day simple moving average is $50.98 and its 200-day simple moving average is $42.28.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.09 by $0.61. The company had revenue of $6.78 billion during the quarter, compared to analysts' expectations of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.HF Sinclair's quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. As a group, equities analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.50 dividend. 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 dividend payout ratio (DPR) is -434.78%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of HF Sinclair in a report on Wednesday, October 8th. Scotiabank restated an "outperform" rating on shares of HF Sinclair in a research note on Thursday, October 9th. Mizuho increased their price objective on shares of HF Sinclair from $52.00 to $60.00 and gave the stock an "outperform" rating in a research note on Monday, September 15th. Barclays boosted their target price on shares of HF Sinclair from $45.00 to $54.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 1st. Finally, Morgan Stanley increased their price target on HF Sinclair from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and a consensus price target of $58.36.

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.

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.