Tidal Investments LLC Lowers Stock Holdings in HF Sinclair Corporation $DINO

Tidal Investments LLC decreased its stake in HF Sinclair Corporation (NYSE:DINO) by 11.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,828 shares of the company’s stock after selling 18,073 shares during the quarter. Tidal Investments LLC’s holdings in HF Sinclair were worth $10,157,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. REAP Financial Group LLC purchased a new stake in HF Sinclair during the 4th quarter valued at about $29,000. Clearstead Trust LLC purchased a new position in shares of HF Sinclair during the 2nd quarter worth approximately $33,000. Nalls Sherbakoff Group LLC purchased a new position in HF Sinclair during the 4th quarter valued at about $36,000. Fairway Wealth LLC acquired a new position in shares of HF Sinclair in the first quarter worth $41,000. Finally, State of Wyoming acquired a new position in shares of HF Sinclair during the second quarter worth about $41,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DINO. Raymond James Financial set a $105.00 price target on shares of HF Sinclair in a research note on Wednesday, July 29th. UBS Group raised their target price on shares of HF Sinclair from $105.00 to $126.00 and gave the stock a “buy” rating in a research note on Tuesday. Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $114.00 target price on shares of HF Sinclair in a report on Wednesday, July 29th. Finally, Wells Fargo & Company raised their price target on HF Sinclair from $67.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.25.

HF Sinclair Price Performance

DINO stock opened at $108.10 on Friday. The stock’s fifty day simple moving average is $91.96 and its 200-day simple moving average is $73.60. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a 52-week low of $45.71 and a 52-week high of $112.17. The stock has a market capitalization of $19.22 billion, a price-to-earnings ratio of 10.31 and a beta of 0.71.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the prior year, the company posted $1.10 EPS. The company’s quarterly revenue was up 53.2% compared to the same quarter last year. Equities research analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.9%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is presently 20.04%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Rhoman Hardy bought 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average price of $66.32 per share, with a total value of $100,010.56. Following the transaction, the director owned 15,037 shares in the company, valued at $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.26% of the stock is currently owned by insiders.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into transportation fuels, including gasoline, diesel and jet fuel, as well as asphalt, base oils and other specialty products.

Through its marketing operations, HF Sinclair supplies fuel and related products to commercial customers, wholesale distributors and retail locations under brands that include Sinclair, HollyFrontier and various regional fuel brands.