Allegiance Financial Group Advisory Services LLC Makes New Investment in HF Sinclair Corporation $DINO

Allegiance Financial Group Advisory Services LLC purchased a new position in HF Sinclair Corporation (NYSE:DINO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,942 shares of the company’s stock, valued at approximately $203,000.

A number of other large investors have also bought and sold shares of DINO. Byrne Asset Management LLC purchased a new position in shares of HF Sinclair during the first quarter valued at approximately $35,000. West Oak Capital LLC purchased a new position in shares of HF Sinclair during the second quarter valued at approximately $38,000. Allworth Financial LP increased its stake in shares of HF Sinclair by 553.9% during the first quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock valued at $41,000 after buying an additional 1,130 shares during the period. Hilltop National Bank purchased a new position in shares of HF Sinclair during the second quarter valued at approximately $46,000. Finally, UMB Bank n.a. increased its stake in shares of HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company’s stock valued at $51,000 after buying an additional 1,498 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DINO shares. Barclays boosted their target price on HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Mizuho lifted their price target on HF Sinclair from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Wolfe Research lowered HF Sinclair from a “peer perform” rating to an “underperform” rating in a research report on Monday, July 14th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, Wall Street Zen upgraded HF Sinclair from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Two research 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 given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $55.64.

HF Sinclair Trading Up 0.7%

HF Sinclair stock opened at $52.32 on Thursday. 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 business’s fifty day simple moving average is $49.34 and its two-hundred day simple moving average is $40.93. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $54.73. The company has a market capitalization of $9.79 billion, a price-to-earnings ratio of -113.74 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, July 31st. The company reported $1.70 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 business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. As a group, equities analysts predict 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. Stockholders of record on Thursday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair’s dividend payout ratio is presently -434.78%.

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the transaction, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.

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.