RFG Advisory LLC Purchases New Stake in HF Sinclair Corporation $DINO

RFG Advisory LLC acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 18,396 shares of the company’s stock, valued at approximately $1,281,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DINO. Virtus Investment Advisers LLC grew its holdings in shares of HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after acquiring an additional 195 shares during the period. Parallel Advisors LLC raised its position in shares of HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after purchasing an additional 221 shares during the last quarter. Blue Trust Inc. lifted its stake in HF Sinclair by 4.7% in the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after buying an additional 228 shares in the last quarter. Unison Advisors LLC lifted its stake in HF Sinclair by 1.0% in the 1st quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock valued at $1,469,000 after buying an additional 234 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in HF Sinclair by 31.2% during the 2nd quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock valued at $69,000 after buying an additional 234 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Trading Up 0.4%

Shares of DINO opened at $108.10 on Friday. The stock has a fifty day moving average of $91.96 and a two-hundred day moving average of $73.60. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The company has a market capitalization of $19.22 billion, a PE ratio of 10.31 and a beta of 0.71. HF Sinclair Corporation has a fifty-two week low of $45.71 and a fifty-two week high of $112.17.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.68 billion. During the same quarter last year, the firm earned $1.10 earnings per share. The business’s revenue was up 53.2% on a year-over-year basis. As a group, analysts forecast that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio is 20.04%.

Analysts Set New Price Targets

DINO has been the subject of several recent research reports. Barclays raised their price target on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Morgan Stanley increased their price objective on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. TD Cowen lifted their price objective on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Finally, Wells Fargo & Company boosted their target price on shares of HF Sinclair from $67.00 to $93.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.25.

Insider Transactions at HF Sinclair

In other news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares in the company, valued at $3,599,809.38. This represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rhoman J. Hardy bought 1,508 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the transaction, the director directly owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. The trade was a 11.15% increase in their position. The SEC filing for this purchase provides additional information. 0.26% of the stock is currently owned by company insiders.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into transportation fuels, including gasoline, diesel and jet fuel, as well as asphalt, base oils and other specialty products.

Through its marketing operations, HF Sinclair supplies fuel and related products to commercial customers, wholesale distributors and retail locations under brands that include Sinclair, HollyFrontier and various regional fuel brands.