Brighton Jones LLC Takes $770,000 Position in HF Sinclair Corporation $DINO

Brighton Jones LLC purchased a new stake in shares of HF Sinclair Corporation (NYSE:DINO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,742 shares of the company’s stock, valued at approximately $770,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kiker Wealth Management LLC bought a new stake in HF Sinclair in the second quarter worth $32,000. West Oak Capital LLC bought a new stake in HF Sinclair in the second quarter worth $38,000. Allworth Financial LP boosted its holdings in HF Sinclair by 553.9% in the first quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after purchasing an additional 1,130 shares in the last quarter. Hilltop National Bank bought a new stake in HF Sinclair in the second quarter worth $46,000. Finally, Farther Finance Advisors LLC boosted its holdings in HF Sinclair by 157.8% in the second quarter. Farther Finance Advisors LLC now owns 1,722 shares of the company’s stock worth $71,000 after purchasing an additional 1,054 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions 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 of the company’s stock, valued at $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.28% of the stock is owned by company insiders.

HF Sinclair Stock Down 3.4%

Shares of DINO opened at $52.90 on Wednesday. The company has a 50-day simple moving average of $51.73 and a 200-day simple moving average of $43.25. The firm has a market capitalization of $9.90 billion, a P/E ratio of -115.00 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 52 week low of $24.66 and a 52 week high of $55.63.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.70 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, equities research analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair’s dividend payout ratio is -434.78%.

Analysts Set New Price Targets

DINO has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of HF Sinclair in a report on Wednesday, October 8th. UBS Group upped 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, October 2nd. Wolfe Research cut shares of HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday, July 14th. Barclays upped 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, October 1st. Finally, The Goldman Sachs Group upped their price target on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and a consensus price target of $58.36.

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.