Allegiance Financial Group Advisory Services LLC Takes $203,000 Position in HF Sinclair Corporation $DINO

Allegiance Financial Group Advisory Services LLC acquired a new stake in shares of HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,942 shares of the company’s stock, valued at approximately $203,000.

A number of other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in HF Sinclair by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock valued at $269,142,000 after acquiring an additional 1,337,093 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in 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 valued at $194,888,000 after acquiring an additional 415,206 shares during the period. AQR Capital Management LLC lifted its holdings in HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock valued at $163,951,000 after acquiring an additional 2,609,857 shares during the period. Fuller & Thaler Asset Management Inc. lifted its holdings in 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 valued at $83,638,000 after acquiring an additional 36,592 shares during the period. Finally, Millennium Management LLC lifted its holdings in HF Sinclair by 207.5% in the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock valued at $64,774,000 after acquiring an additional 1,329,408 shares during the period. Institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of analyst reports. Morgan Stanley upped their price target on HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Wall Street Zen raised HF Sinclair from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HF Sinclair in a research note on Wednesday. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of HF Sinclair in a research note on Tuesday, September 9th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.64.

HF Sinclair Stock Performance

NYSE:DINO opened at $52.32 on Thursday. 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 12-month low of $24.66 and a 12-month high of $54.73. The stock has a 50-day moving average price of $49.34 and a 200 day moving average price of $40.93. The stock has a market capitalization of $9.79 billion, a P/E ratio of -113.74 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.61. The company 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%. HF Sinclair’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. Equities research analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.8%. The ex-dividend date was Thursday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is currently -434.78%.

Insider Transactions at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the completion of the transaction, the executive vice president directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their position. The transaction was disclosed in a legal filing 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 Company 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.