Vident Advisory LLC Cuts 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 lowered its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 69.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 6,464 shares of the company's stock after selling 14,493 shares during the period. Vident Advisory LLC's holdings in HF Sinclair were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DINO. Southeastern Asset Management Inc. TN bought a new position in shares of HF Sinclair during the fourth quarter worth about $96,344,000. Price T Rowe Associates Inc. MD increased its position in HF Sinclair by 1,633.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company's stock valued at $55,730,000 after purchasing an additional 1,597,152 shares during the period. Dimensional Fund Advisors LP raised 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 purchasing an additional 1,337,093 shares during the last quarter. Nuveen LLC bought a new position in HF Sinclair during the 1st quarter worth approximately $25,051,000. Finally, Voloridge Investment Management LLC lifted its position in shares of HF Sinclair by 104.8% in the 4th quarter. Voloridge Investment Management LLC now owns 1,232,387 shares of the company's stock worth $43,195,000 after purchasing an additional 630,538 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Stock Up 2.0%

Shares of NYSE DINO traded up $1.02 during midday trading on Tuesday, hitting $52.66. 2,889,302 shares of the stock traded hands, compared to its average volume of 2,328,478. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $53.33. The business has a 50 day moving average price of $46.73 and a two-hundred day moving average price of $38.75. The company has a market cap of $9.85 billion, a PE ratio of -114.48 and a beta of 1.07.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter last year, the firm posted $0.78 EPS. HF Sinclair's revenue was down 13.5% compared to the same quarter last year. On average, equities analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

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 dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. HF Sinclair's payout ratio is presently -434.78%.

Insider Buying and Selling at HF Sinclair

In related news, EVP Valerie Pompa sold 11,000 shares of the firm'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 transaction, the executive vice president owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of analyst reports. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Raymond James Financial reiterated a "strong-buy" rating on shares of HF Sinclair in a report on Tuesday, September 9th. Scotiabank boosted their price objective on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Wolfe Research lowered HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. Finally, TD Cowen lifted their target price on HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a report on Friday, August 1st. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.55.

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.