Farther Finance Advisors LLC Grows Stock Holdings in HF Sinclair Corporation $DINO

Farther Finance Advisors LLC grew its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 157.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,722 shares of the company’s stock after buying an additional 1,054 shares during the quarter. Farther Finance Advisors LLC’s holdings in HF Sinclair were worth $71,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DINO. AQR Capital Management LLC lifted its position in shares of HF Sinclair by 109.8% during the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after purchasing an additional 2,609,857 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of HF Sinclair by 1,633.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock worth $55,730,000 after purchasing an additional 1,597,152 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after purchasing an additional 1,337,093 shares in the last quarter. Millennium Management LLC lifted its position in shares of HF Sinclair by 207.5% during the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after purchasing an additional 1,329,408 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in HF Sinclair in the first quarter valued at $25,051,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DINO has been the topic of several recent analyst reports. Mizuho upped their price target on shares of HF Sinclair from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HF Sinclair in a report on Saturday, September 27th. Raymond James Financial reiterated a “strong-buy” rating on shares of HF Sinclair in a research note on Tuesday, September 9th. TD Cowen boosted their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Finally, Wall Street Zen upgraded shares of HF Sinclair from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.64.

HF Sinclair Stock Down 0.4%

HF Sinclair stock opened at $51.66 on Monday. The company has a 50-day simple moving average of $48.88 and a 200-day simple moving average of $40.64. The firm has a market capitalization of $9.66 billion, a P/E ratio of -112.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $54.73.

HF Sinclair (NYSE:DINO) last released its quarterly 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. The business had revenue of $6.78 billion during 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 company’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 earnings per share. As a group, equities analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. HF Sinclair’s dividend payout ratio is currently -434.78%.

Insider Activity at HF Sinclair

In related news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction dated 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 in the company, valued at $1,683,805.23. This represents a 21.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.

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.