Juncture Wealth Strategies LLC Buys 395 Shares of HF Sinclair Corporation $DINO

Juncture Wealth Strategies LLC raised its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 4.9% in the second quarter, Holdings Channel reports. The institutional investor owned 8,482 shares of the company’s stock after acquiring an additional 395 shares during the period. Juncture Wealth Strategies LLC’s holdings in HF Sinclair were worth $348,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DINO. Byrne Asset Management LLC purchased a new stake in HF Sinclair during the first quarter valued at approximately $35,000. Allworth Financial LP increased its stake in shares of 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. UMB Bank n.a. increased its stake in shares of HF Sinclair by 2,202.9% in the first quarter. UMB Bank n.a. now owns 1,566 shares of the company’s stock worth $51,000 after purchasing an additional 1,498 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of HF Sinclair by 15.0% in the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock worth $78,000 after purchasing an additional 310 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its stake in shares of HF Sinclair by 1,265.8% in the first quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company’s stock worth $84,000 after purchasing an additional 2,367 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other HF Sinclair 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 transaction 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. The trade was a 21.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. Morgan Stanley raised their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. UBS Group raised their target price on shares of HF Sinclair from $51.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Wolfe Research cut shares of HF Sinclair from a “peer perform” rating to an “underperform” rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company raised their target price on shares of HF Sinclair from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.82.

HF Sinclair Price Performance

DINO stock opened at $51.11 on Monday. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $53.14. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average price of $46.43 and a 200 day moving average price of $38.53. The stock has a market cap of $9.56 billion, a PE ratio of -111.11 and a beta of 1.07.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the previous year, the company earned $0.78 EPS. The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. Equities research analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued 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 -434.78%.

HF Sinclair 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.