LPL Financial LLC Increases Stake in HF Sinclair Corporation (NYSE:DINO)

LPL Financial LLC boosted its position in shares of HF Sinclair Corporation (NYSE:DINO) by 10.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 118,087 shares of the company’s stock after purchasing an additional 11,137 shares during the period. LPL Financial LLC’s holdings in HF Sinclair were worth $3,883,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DINO. Wells Fargo & Company MN boosted its holdings in shares of HF Sinclair by 2.6% during the 4th quarter. Wells Fargo & Company MN now owns 246,732 shares of the company’s stock valued at $8,648,000 after acquiring an additional 6,162 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of HF Sinclair by 24.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 119,704 shares of the company’s stock worth $4,196,000 after purchasing an additional 23,856 shares during the period. Renaissance Technologies LLC lifted its stake in shares of HF Sinclair by 80.9% in the 4th quarter. Renaissance Technologies LLC now owns 144,905 shares of the company’s stock worth $5,079,000 after purchasing an additional 64,800 shares during the period. Sterling Capital Management LLC raised its stake in HF Sinclair by 52.8% during the 4th quarter. Sterling Capital Management LLC now owns 9,435 shares of the company’s stock worth $331,000 after acquiring an additional 3,259 shares during the period. Finally, Townsquare Capital LLC raised its stake in HF Sinclair by 109.9% during the 4th quarter. Townsquare Capital LLC now owns 10,348 shares of the company’s stock worth $363,000 after acquiring an additional 5,419 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HF Sinclair

In related news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction 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 directly owned 39,591 shares of the company’s stock, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $44.77 on Friday. The business’s 50 day moving average price is $42.89 and its 200 day moving average price is $36.73. The firm has a market cap of $8.38 billion, a P/E ratio of -97.33 and a beta of 0.97. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $49.92. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.09 by $0.61. The business 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 quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, sell-side analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Thursday, August 21st. HF Sinclair’s dividend payout ratio is presently -434.78%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DINO shares. Piper Sandler cut shares of HF Sinclair from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $53.00 to $51.00 in a research report on Tuesday, July 22nd. UBS Group reaffirmed a “buy” rating and set a $51.00 price objective (up from $48.00) on shares of HF Sinclair in a research note on Monday, August 4th. Barclays lifted their price objective on shares of HF Sinclair from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Wells Fargo & Company boosted their target price on shares of HF Sinclair from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 11th. Finally, Wolfe Research downgraded HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.91.

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.