Signaturefd LLC Has $226,000 Position in HF Sinclair Corporation $DINO

Signaturefd LLC lifted its stake in HF Sinclair Corporation (NYSE:DINO) by 37.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,498 shares of the company’s stock after purchasing an additional 1,509 shares during the period. Signaturefd LLC’s holdings in HF Sinclair were worth $226,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. CWA Asset Management Group LLC acquired a new position in shares of HF Sinclair in the 1st quarter valued at $421,000. Pacific Heights Asset Management LLC raised its holdings in shares of HF Sinclair by 9.1% in the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company’s stock valued at $7,891,000 after purchasing an additional 20,000 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of HF Sinclair by 72.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company’s stock valued at $1,684,000 after purchasing an additional 21,597 shares during the period. Principal Financial Group Inc. raised its holdings in shares of HF Sinclair by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company’s stock valued at $42,399,000 after purchasing an additional 27,764 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in HF Sinclair by 7.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company’s stock valued at $4,354,000 after acquiring an additional 9,070 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DINO has been the topic of several research analyst reports. Barclays increased their price target on shares of HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday. TD Cowen increased their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a report on Friday, August 1st. Morgan Stanley increased their price target on shares of HF Sinclair from $44.00 to $50.00 and gave the company an “overweight” rating in a report on Wednesday, July 16th. Scotiabank increased their price target on shares of HF Sinclair from $49.00 to $61.00 and gave the company a “sector outperform” rating in a report on Friday, July 11th. Finally, UBS Group increased their price target on shares of HF Sinclair from $58.00 to $63.00 and gave the company a “buy” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $54.58.

HF Sinclair Stock Performance

NYSE DINO opened at $51.85 on Friday. 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 firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of -112.71 and a beta of 1.00. The firm’s 50 day simple moving average is $48.71 and its 200 day simple moving average is $40.42. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $54.73.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (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 negative net margin of 0.32% and a positive return on equity of 1.89%. The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. As a group, research analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was 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 Buying and Selling

In related news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president owned 39,591 shares of the company’s stock, valued at $1,683,805.23. This represents a 21.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.