LPL Financial LLC Has $3.88 Million Stake in HF Sinclair Corporation (NYSE:DINO)

LPL Financial LLC lifted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 10.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,087 shares of the company’s stock after purchasing an additional 11,137 shares during the period. LPL Financial LLC owned approximately 0.06% of HF Sinclair worth $3,883,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC bought a new stake in HF Sinclair in the fourth quarter valued at approximately $31,000. Byrne Asset Management LLC acquired a new position in HF Sinclair during the first quarter worth $35,000. Allworth Financial LP boosted its holdings in HF Sinclair by 553.9% during the first quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after purchasing an additional 1,130 shares during the last quarter. UMB Bank n.a. boosted its holdings in HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company’s stock worth $51,000 after purchasing an additional 1,498 shares during the last quarter. Finally, TD Waterhouse Canada Inc. boosted its holdings in HF Sinclair by 98.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company’s stock worth $56,000 after purchasing an additional 796 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the sale, the executive vice president owned 39,591 shares in the company, valued at $1,683,805.23. The trade was a 21.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.34% of the stock is owned by corporate insiders.

HF Sinclair Trading Up 0.5%

DINO opened at $44.77 on Friday. The company’s 50 day moving average is $42.89 and its 200-day moving average is $36.73. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $49.92. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company has a market cap of $8.38 billion, a P/E ratio of -97.33 and a beta of 0.97.

HF Sinclair (NYSE:DINO) last posted 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 negative net margin of 0.32% and a positive return on equity of 1.89%. The business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period last year, the company earned $0.78 EPS. The firm’s revenue was down 13.5% compared to the same quarter last year. Equities research analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

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

Analysts Set New Price Targets

Several research firms have issued reports on DINO. Wells Fargo & Company upped their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 11th. UBS Group reaffirmed a “buy” rating and set a $51.00 price target (up from $48.00) on shares of HF Sinclair in a research report on Monday, August 4th. TD Cowen raised their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Morgan Stanley raised their price target on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, Raymond James Financial raised shares of HF Sinclair from a “market perform” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.