Brighton Jones LLC Makes New $770,000 Investment in HF Sinclair Corporation $DINO

Brighton Jones LLC acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 18,742 shares of the company’s stock, valued at approximately $770,000.

Several other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after buying an additional 1,337,093 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of 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 during the last quarter. AQR Capital Management LLC increased its holdings 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 valued at $163,951,000 after purchasing an additional 2,609,857 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings 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 valued at $83,638,000 after purchasing an additional 36,592 shares in the last quarter. Finally, Millennium Management LLC increased its holdings 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 valued at $64,774,000 after purchasing an additional 1,329,408 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DINO shares. The Goldman Sachs Group raised their price target on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Barclays raised their price target on shares of HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. UBS Group raised their price target on shares of HF Sinclair from $58.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Mizuho raised their price target on shares of HF Sinclair from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Piper Sandler raised their price target on shares of HF Sinclair from $51.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $58.36.

Insider Buying and Selling at HF Sinclair

In other 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 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 trade 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 this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

HF Sinclair Price Performance

Shares of DINO stock opened at $52.90 on Wednesday. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $55.63. The stock has a market cap of $9.90 billion, a PE ratio of -115.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The firm’s 50 day moving average price is $51.73 and its two-hundred day moving average price is $43.25.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.61. The company had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same period last year, the firm posted $0.78 earnings per share. As a group, analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given 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 (DPR) is currently -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.