QRG Capital Management Inc. Invests $215,000 in HF Sinclair Corporation $DINO

QRG Capital Management Inc. acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,224 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DINO. Byrne Asset Management LLC acquired a new stake in shares of HF Sinclair during the 1st quarter worth approximately $35,000. West Oak Capital LLC acquired a new stake in shares of HF Sinclair during the 2nd quarter worth approximately $38,000. Allworth Financial LP grew its stake in shares of HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after purchasing an additional 1,130 shares during the period. Hilltop National Bank acquired a new stake in shares of HF Sinclair during the 2nd quarter worth approximately $46,000. Finally, UMB Bank n.a. grew its stake in shares of HF Sinclair by 2,202.9% during the 1st 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 during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Activity

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the firm’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of HF Sinclair in a research report on Wednesday, October 8th. UBS Group increased their target price on HF Sinclair from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Wall Street Zen upgraded HF Sinclair from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Finally, The Goldman Sachs Group increased their target price on HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.09.

HF Sinclair Trading Down 3.4%

Shares of DINO stock opened at $50.57 on Monday. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $54.73. The firm has a market capitalization of $9.46 billion, a P/E ratio of -109.93 and a beta of 1.00. The stock’s fifty day moving average is $49.67 and its two-hundred day moving average is $41.29. 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 (NYSE:DINO) last issued its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $6.93 billion. During the same period last year, the company earned $0.78 EPS. The company’s revenue for the quarter was down 13.5% on a year-over-year basis. Research analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.0%. HF Sinclair’s dividend payout ratio (DPR) is -434.78%.

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.