Vident Advisory LLC Decreases Stock Holdings in HF Sinclair Corporation $DINO

Key Points

• Vident Advisory LLC significantly reduced its stake in HF Sinclair Corporation by 69.2% during the first quarter, leaving it with 6,464 shares valued at approximately $213,000.
• HF Sinclair's recent earnings report showed an EPS of $1.70, exceeding analyst expectations, though revenue decreased by 13.5% from the previous year.
• The company announced a quarterly dividend of $0.50, resulting in an annualized dividend yield of 3.9%, despite a negative payout ratio of -434.78%.

Vident Advisory LLC trimmed its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 69.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,464 shares of the company's stock after selling 14,493 shares during the quarter. Vident Advisory LLC's holdings in HF Sinclair were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of HF Sinclair by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after buying an additional 1,337,093 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of HF Sinclair by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company's stock worth $194,888,000 after buying an additional 415,206 shares during the period. Southeastern Asset Management Inc. TN purchased a new position in shares of HF Sinclair in the fourth quarter worth $96,344,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of HF Sinclair by 1.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company's stock worth $83,638,000 after buying an additional 36,592 shares during the period. Finally, Invesco Ltd. increased its stake in shares of HF Sinclair by 46.4% in the first quarter. Invesco Ltd. now owns 1,927,890 shares of the company's stock worth $63,389,000 after buying an additional 610,688 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on DINO shares. Wolfe Research downgraded shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. Mizuho boosted their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Scotiabank boosted their price objective on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. TD Cowen boosted their price objective on shares of HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $51.09.

Insider Buying and Selling at HF Sinclair

In other 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 value of $467,830.00. Following the sale, the executive vice president directly owned 39,591 shares of the company's stock, valued at $1,683,805.23. This represents a 21.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

HF Sinclair Stock Down 2.4%

NYSE:DINO opened at $51.17 on Thursday. The firm's 50-day moving average price is $46.14 and its 200-day moving average price is $38.28. The company has a market capitalization of $9.57 billion, a PE ratio of -111.23 and a beta of 1.07. 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 1-year low of $24.66 and a 1-year high of $53.14.

HF Sinclair (NYSE:DINO - Get Free Report) last released its 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 firm had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The company's revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. On average, equities analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm 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 of this dividend was Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. HF Sinclair's dividend payout ratio is currently -434.78%.

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.

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.