HF Sinclair Corporation $DINO Shares Acquired by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its holdings in HF Sinclair Corporation by 43.6%, owning 1,344,021 shares valued at approximately $44.19 million as of the latest SEC filing.
• HF Sinclair reported $1.70 EPS for the last quarter, surpassing the consensus estimate by $0.61, despite a 13.5% decline in quarterly revenue year-over-year.
• The company recently declared a quarterly dividend of $0.50, representing an annualized yield of 3.9% and a dividend payout ratio of -434.78%.

Voya Investment Management LLC boosted its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 43.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,344,021 shares of the company's stock after acquiring an additional 407,771 shares during the quarter. Voya Investment Management LLC owned about 0.71% of HF Sinclair worth $44,191,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new stake in HF Sinclair in the first quarter valued at $35,000. Allworth Financial LP grew its holdings in HF Sinclair by 553.9% in the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after purchasing an additional 1,130 shares during the last quarter. UMB Bank n.a. grew its holdings in HF Sinclair by 2,202.9% in the first quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after purchasing an additional 1,498 shares during the last quarter. Harbour Investments Inc. grew its holdings in HF Sinclair by 15.0% in the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock valued at $78,000 after purchasing an additional 310 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its holdings in HF Sinclair by 1,265.8% in the first quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company's stock valued at $84,000 after purchasing an additional 2,367 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the transaction, the executive vice president owned 39,591 shares in the company, 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. Insiders own 0.34% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wells Fargo & Company upped their target price on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, June 11th. Wall Street Zen raised HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Wolfe Research lowered HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of HF Sinclair in a research note on Tuesday, September 9th. Finally, UBS Group increased their price objective on HF Sinclair from $51.00 to $58.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. One equities research 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $52.55.

HF Sinclair Stock Up 0.1%

Shares of NYSE:DINO traded up $0.06 during mid-day trading on Thursday, hitting $52.69. 594,963 shares of the company traded hands, compared to its average volume of 2,850,647. 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 52-week low of $24.66 and a 52-week high of $53.33. The firm's 50 day simple moving average is $46.89 and its 200 day simple moving average is $38.84. The firm has a market cap of $9.86 billion, a P/E ratio of -114.70 and a beta of 1.07.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.09 by $0.61. The company had revenue of $6.78 billion during 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 was down 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. On average, equities analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company 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 presently -434.78%.

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.