AlphaQuest LLC Increases Holdings in HF Sinclair Corporation $DINO

AlphaQuest LLC increased its stake in HF Sinclair Corporation (NYSE:DINO) by 425.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 39,680 shares of the company’s stock after buying an additional 32,122 shares during the quarter. AlphaQuest LLC’s holdings in HF Sinclair were worth $1,630,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Kiker Wealth Management LLC purchased a new position in HF Sinclair during the second quarter worth about $32,000. West Oak Capital LLC bought a new stake in HF Sinclair during the second quarter worth about $38,000. Hilltop National Bank bought a new stake in HF Sinclair during the second quarter worth about $46,000. Allworth Financial LP lifted its stake in shares of HF Sinclair by 553.9% in the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock valued at $41,000 after acquiring an additional 1,130 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of HF Sinclair by 21.4% in the 2nd quarter. IFP Advisors Inc now owns 1,694 shares of the company’s stock valued at $71,000 after acquiring an additional 299 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DINO has been the subject of a number of recent analyst reports. Morgan Stanley upped their price target on HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of HF Sinclair in a report on Friday. Wells Fargo & Company began coverage on HF Sinclair in a report on Friday, October 17th. They set an “equal weight” rating and a $58.00 target price on the stock. Wolfe Research downgraded HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday, July 14th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $65.00 target price (up previously from $60.00) on shares of HF Sinclair in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $58.36.

HF Sinclair Stock Down 0.6%

Shares of NYSE:DINO opened at $54.52 on Friday. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $55.63. The stock has a market cap of $10.20 billion, a P/E ratio of -118.53 and a beta of 1.00. The business’s 50 day moving average is $51.38 and its 200 day moving average is $42.67. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data 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. 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 analysts’ expectations of $6.93 billion. During the same quarter in the prior year, the firm earned $0.78 earnings per share. HF Sinclair’s revenue was down 13.5% compared to the same quarter last year. Sell-side analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 3.7%. HF Sinclair’s payout ratio is -434.78%.

Insider Buying and Selling

In related news, EVP Valerie Pompa sold 11,000 shares of the business’s 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. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.34% of the stock is owned by company insiders.

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.