Tidal Investments LLC Trims Stock Position in HF Sinclair Corporation $DINO

Tidal Investments LLC reduced its stake in HF Sinclair Corporation (NYSE:DINOFree Report) by 11.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,828 shares of the company’s stock after selling 18,073 shares during the period. Tidal Investments LLC owned 0.08% of HF Sinclair worth $10,157,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in HF Sinclair during the 2nd quarter valued at about $1,291,602,000. California State Teachers Retirement System grew its position in HF Sinclair by 6,576.6% in the 2nd quarter. California State Teachers Retirement System now owns 12,375,830 shares of the company’s stock worth $861,977,000 after purchasing an additional 12,190,470 shares during the period. Bank of New York Mellon Corp purchased a new stake in HF Sinclair during the second quarter valued at $140,654,000. NFJ Investment Group LLC increased its position in shares of HF Sinclair by 1,275.3% during the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after purchasing an additional 1,737,318 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in HF Sinclair during the second quarter valued at approximately $89,846,000. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DINO shares. Barclays raised their price objective on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. UBS Group boosted their price target on shares of HF Sinclair from $105.00 to $126.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings upgraded HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Mizuho lifted their price target on HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $67.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.25.

Read Our Latest Report on DINO

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Rhoman Hardy bought 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the purchase, the director directly owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their position. The SEC filing for this sale provides additional information. 0.26% of the stock is currently owned by insiders.

HF Sinclair Stock Performance

DINO stock opened at $108.10 on Friday. The business has a 50-day moving average price of $91.96 and a 200 day moving average price of $73.60. HF Sinclair Corporation has a 1-year low of $45.71 and a 1-year high of $112.17. The company has a market capitalization of $19.22 billion, a P/E ratio of 10.31 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

HF Sinclair (NYSE:DINOGet Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company’s quarterly revenue was up 53.2% on a year-over-year basis. During the same period last year, the firm earned $1.10 earnings per share. As a group, equities research analysts forecast that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 11th. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is presently 20.04%.

HF Sinclair Profile

(Free Report)

HF Sinclair Corporation is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into transportation fuels, including gasoline, diesel and jet fuel, as well as asphalt, base oils and other specialty products.

Through its marketing operations, HF Sinclair supplies fuel and related products to commercial customers, wholesale distributors and retail locations under brands that include Sinclair, HollyFrontier and various regional fuel brands.

See Also

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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