Wealth Enhancement Advisory Services LLC Buys 44,227 Shares of HF Sinclair Corporation $DINO

Key Points

• Wealth Enhancement Advisory Services LLC has increased its stake in HF Sinclair Corporation by 86.3%, owning a total of 95,457 shares worth approximately $4.2 million.
• HF Sinclair reported a quarterly EPS of $1.70, exceeding analysts' expectations of $1.09, but its revenue of $6.78 billion fell short of the anticipated $6.93 billion.
• The company declared a quarterly dividend of $0.50 per share, representing an annual dividend yield of 3.7% despite a negative dividend payout ratio.

Wealth Enhancement Advisory Services LLC lifted its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 86.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 95,457 shares of the company's stock after acquiring an additional 44,227 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.05% of HF Sinclair worth $4,215,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC grew its holdings in HF Sinclair by 109.8% during the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock valued at $163,951,000 after purchasing an additional 2,609,857 shares during the last quarter. Price T Rowe Associates Inc. MD grew 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 valued at $55,730,000 after buying an additional 1,597,152 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock valued at $269,142,000 after buying an additional 1,337,093 shares during the last quarter. Millennium Management LLC raised its holdings in HF Sinclair by 207.5% in the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company's stock worth $64,774,000 after acquiring an additional 1,329,408 shares during the period. Finally, Nuveen LLC acquired a new position in HF Sinclair during the 1st quarter worth $25,051,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $53.93 on Friday. The firm has a market capitalization of $10.09 billion, a PE ratio of -117.23 and a beta of 1.07. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $54.19. The business's 50 day moving average is $47.92 and its 200-day moving average is $39.71.

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. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The firm had revenue of $6.78 billion during the quarter, compared to analysts' expectations of $6.93 billion. During the same period last year, the business earned $0.78 earnings per share. HF Sinclair's quarterly revenue was down 13.5% compared to the same quarter last year. Sell-side analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is presently -434.78%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price target on HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. The Goldman Sachs Group raised their target price on HF Sinclair from $54.00 to $61.00 and gave the company a "buy" rating in a report on Thursday, September 18th. UBS Group upped their price target on HF Sinclair from $51.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Raymond James Financial reissued a "strong-buy" rating on shares of HF Sinclair in a research report on Tuesday, September 9th. Finally, Wolfe Research lowered shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, HF Sinclair currently has an average rating of "Moderate Buy" and an average target price of $53.25.

Insider Buying and Selling 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 value of $467,830.00. Following the sale, the executive vice president owned 39,591 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.34% of the company's stock.

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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