Whittier Trust Co. Purchases 4,020 Shares of HF Sinclair Corporation $DINO

Whittier Trust Co. raised its position in shares of HF Sinclair Corporation (NYSE:DINO) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 197,570 shares of the company’s stock after purchasing an additional 4,020 shares during the quarter. Whittier Trust Co. owned 0.10% of HF Sinclair worth $8,114,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. 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 position in shares of HF Sinclair by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company’s stock valued at $194,888,000 after buying an additional 415,206 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of HF Sinclair by 109.8% during the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock valued at $163,951,000 after buying an additional 2,609,857 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of HF Sinclair by 1.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company’s stock valued at $83,638,000 after buying an additional 36,592 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of HF Sinclair by 207.5% during the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock valued at $64,774,000 after buying an additional 1,329,408 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 11,000 shares of the business’s 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 sale, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DINO shares. Piper Sandler lifted their price objective on HF Sinclair from $51.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Wells Fargo & Company started coverage on HF Sinclair in a research report on Friday, October 17th. They set an “equal weight” rating and a $58.00 price objective on the stock. Morgan Stanley lifted their price objective on HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. Wolfe Research cut HF Sinclair from a “peer perform” rating to an “underperform” rating in a research report on Monday, July 14th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 price objective (up from $60.00) on shares of HF Sinclair in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus price target of $58.36.

HF Sinclair Stock Down 3.0%

NYSE DINO opened at $51.07 on Wednesday. The stock’s 50 day moving average is $50.82 and its 200 day moving average is $42.21. 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 Corporation has a 12 month low of $24.66 and a 12 month high of $54.73. The stock has a market cap of $9.55 billion, a PE ratio of -111.02 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.70 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 company had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the previous year, the firm earned $0.78 EPS. The firm’s revenue was down 13.5% compared to the same quarter last year. Research analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.9%. The ex-dividend date was Thursday, August 21st. HF Sinclair’s payout ratio is currently -434.78%.

About HF Sinclair

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.