Vanguard Personalized Indexing Management LLC Acquires 20,967 Shares of HF Sinclair Corporation $DINO

Key Points

• Vanguard Personalized Indexing Management LLC has increased its stake in HF Sinclair Corporation by 113.9%, acquiring a total of 39,372 shares valued at approximately $1.6 million.
• HF Sinclair's recent quarterly earnings showed an EPS of $1.70, surpassing estimates, although revenues declined by 13.5% year-over-year.
• The company announced a quarterly dividend of $0.50 per share, yielding 3.9%, despite a negative payout ratio of -434.78%.

Vanguard Personalized Indexing Management LLC boosted its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 113.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,372 shares of the company's stock after purchasing an additional 20,967 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in HF Sinclair were worth $1,618,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. West Oak Capital LLC bought a new position in HF Sinclair in the 2nd quarter worth approximately $38,000. Allworth Financial LP boosted its stake in HF Sinclair by 553.9% in the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after purchasing an additional 1,130 shares during the period. Hilltop National Bank bought a new position in shares of HF Sinclair during the 2nd quarter valued at approximately $46,000. Farther Finance Advisors LLC boosted its position in shares of HF Sinclair by 157.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,722 shares of the company's stock valued at $71,000 after acquiring an additional 1,054 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in shares of HF Sinclair by 21.4% during the 2nd quarter. IFP Advisors Inc now owns 1,694 shares of the company's stock valued at $71,000 after acquiring an additional 299 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

Insider Transactions at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.53, for a total value of $467,830.00. Following the transaction, the executive vice president owned 39,591 shares in the company, valued at $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. 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 company insiders.

HF Sinclair Stock Performance

DINO stock opened at $51.83 on Friday. 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 business's fifty day simple moving average is $50.50 and its two-hundred day simple moving average is $41.82. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $54.73. The firm has a market cap of $9.70 billion, a price-to-earnings ratio of -112.67 and a beta of 1.00.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.09 by $0.61. The firm had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The business's revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.78 earnings per share. Analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.9%. The ex-dividend date was Thursday, August 21st. HF Sinclair's payout ratio is -434.78%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group increased their target price on HF Sinclair from $58.00 to $63.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Piper Sandler increased their target price on HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. Raymond James Financial reiterated a "strong-buy" rating and set a $65.00 target price (up from $60.00) on shares of HF Sinclair in a research report on Friday. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. Finally, Zacks Research upgraded HF Sinclair from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 3rd. Two 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 issued a Sell rating to the company's stock. According to MarketBeat.com, HF Sinclair presently has a consensus rating of "Moderate Buy" and a consensus price target of $58.36.

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.

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