State of Alaska Department of Revenue Sells 700 Shares of HF Sinclair Corporation $DINO

State of Alaska Department of Revenue reduced its position in HF Sinclair Corporation (NYSE:DINO) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,921 shares of the company’s stock after selling 700 shares during the quarter. State of Alaska Department of Revenue’s holdings in HF Sinclair were worth $859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of DINO. Dimensional Fund Advisors LP boosted 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 acquiring an additional 1,337,093 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of HF Sinclair by 7.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company’s stock worth $194,888,000 after acquiring an additional 415,206 shares during the last quarter. AQR Capital Management LLC boosted 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 acquiring an additional 2,609,857 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of HF Sinclair by 1.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company’s stock worth $83,638,000 after acquiring an additional 36,592 shares during the last quarter. Finally, Millennium Management LLC boosted 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 acquiring an additional 1,329,408 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the 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 sale, the executive vice president owned 39,591 shares of the company’s stock, 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 SEC, which can be accessed through this link. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of a number of research reports. Wall Street Zen upgraded shares of HF Sinclair from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Piper Sandler upped their target price on shares of HF Sinclair from $51.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Scotiabank upped their target price on shares of HF Sinclair from $49.00 to $61.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 11th. Raymond James Financial restated a “strong-buy” rating on shares of HF Sinclair in a research report on Tuesday, September 9th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of HF Sinclair in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, HF Sinclair currently has an average rating of “Hold” and a consensus target price of $55.64.

HF Sinclair Price Performance

DINO stock opened at $52.18 on Tuesday. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $54.73. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $49.02 and a two-hundred day simple moving average of $40.77. The firm has a market capitalization of $9.76 billion, a P/E ratio of -113.43 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data 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 negative net margin of 0.32% and a positive return on equity of 1.89%. The business had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the business earned $0.78 earnings per share. HF Sinclair’s quarterly revenue was down 13.5% compared to the same quarter last year. Analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders 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 dividend yield of 3.8%. HF Sinclair’s dividend payout ratio is currently -434.78%.

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.