Evergreen Private Wealth LLC Boosts Stake in HF Sinclair Corporation $DINO

Evergreen Private Wealth LLC boosted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 23.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,692 shares of the company’s stock after purchasing an additional 7,014 shares during the period. Evergreen Private Wealth LLC’s holdings in HF Sinclair were worth $1,507,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of HF Sinclair by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock valued at $269,142,000 after buying an additional 1,337,093 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in 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 valued at $194,888,000 after purchasing an additional 415,206 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after purchasing an additional 2,609,857 shares during the period. Fuller & Thaler Asset Management Inc. increased its stake in shares of HF Sinclair by 1.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company’s stock worth $83,638,000 after purchasing an additional 36,592 shares in the last quarter. Finally, Millennium Management LLC increased its stake in shares of HF Sinclair by 207.5% in the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after purchasing an additional 1,329,408 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

NYSE:DINO opened at $53.93 on Friday. The business’s 50-day moving average is $47.92 and its 200 day moving average is $39.71. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $54.19. The company has a market capitalization of $10.09 billion, a P/E ratio of -117.23 and a beta of 1.07. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.61. The business had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.78 EPS. On average, equities research analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal 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 paid a dividend of $0.50 per share. 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 dividend payout ratio is presently -434.78%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Mizuho boosted their price objective on HF Sinclair from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Morgan Stanley upped their price objective on HF Sinclair from $44.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. UBS Group lifted their target price on HF Sinclair from $51.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, Barclays boosted their price target on HF Sinclair from $32.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $53.25.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair 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 completion of the transaction, the executive vice president directly owned 39,591 shares of the company’s stock, valued at $1,683,805.23. This trade represents a 21.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is owned by company insiders.

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.