American Century Companies Inc. Buys 7,538 Shares of HF Sinclair Corporation $DINO

American Century Companies Inc. raised its stake in HF Sinclair Corporation (NYSE:DINO) by 12.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 69,917 shares of the company’s stock after purchasing an additional 7,538 shares during the quarter. American Century Companies Inc.’s holdings in HF Sinclair were worth $2,299,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DINO. Harbour Investments Inc. boosted its stake in shares of HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock worth $78,000 after acquiring an additional 310 shares during the period. Nissay Asset Management Corp Japan ADV boosted its stake in shares of HF Sinclair by 1.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock worth $685,000 after acquiring an additional 379 shares during the period. Bank & Trust Co boosted its stake in shares of HF Sinclair by 8.7% during the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company’s stock worth $159,000 after acquiring an additional 389 shares during the period. Financial Engines Advisors L.L.C. boosted its stake in HF Sinclair by 1.5% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company’s stock valued at $876,000 after purchasing an additional 392 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in HF Sinclair by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company’s stock valued at $1,473,000 after purchasing an additional 400 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Raymond James Financial upgraded HF Sinclair from a “market perform” rating to a “strong-buy” rating and set a $54.00 price target for the company in a research note on Tuesday, July 15th. Piper Sandler cut HF Sinclair from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $53.00 to $51.00 in a report on Tuesday, July 22nd. Barclays upped their price objective on HF Sinclair from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 9th. Wells Fargo & Company upped their price objective on HF Sinclair from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 11th. Finally, TD Cowen upped their price objective on HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $50.55.

HF Sinclair Stock Up 0.8%

Shares of HF Sinclair stock opened at $50.97 on Monday. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $51.19. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The stock’s 50-day moving average is $44.56 and its 200 day moving average is $37.52. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of -110.79 and a beta of 1.07.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, beating 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 company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. Equities research analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be issued a $0.50 dividend. The ex-dividend date is Thursday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.9%. HF Sinclair’s dividend payout ratio is presently -434.78%.

Insider Transactions at HF Sinclair

In other HF Sinclair 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 value of $467,830.00. Following the transaction, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.28% of the company’s stock.

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.