Palo Duro Investment Partners LP Purchases 1,599 Shares of HF Sinclair Corporation $DINO

Palo Duro Investment Partners LP boosted its position in shares of HF Sinclair Corporation (NYSE:DINO) by 18.0% during the first quarter, Holdings Channel.com reports. The fund owned 10,498 shares of the company’s stock after acquiring an additional 1,599 shares during the quarter. HF Sinclair accounts for 0.1% of Palo Duro Investment Partners LP’s investment portfolio, making the stock its 15th largest holding. Palo Duro Investment Partners LP’s holdings in HF Sinclair were worth $345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DINO. Harbour Investments Inc. grew its holdings in HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock valued at $78,000 after buying an additional 310 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in HF Sinclair by 1.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock valued at $685,000 after buying an additional 379 shares in the last quarter. Bank & Trust Co grew its holdings in HF Sinclair by 8.7% during the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company’s stock valued at $159,000 after buying an additional 389 shares in the last quarter. Financial Engines Advisors L.L.C. grew its holdings in HF Sinclair by 1.5% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company’s stock valued at $876,000 after buying an additional 392 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in HF Sinclair by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company’s stock valued at $1,473,000 after buying an additional 400 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DINO shares. Wells Fargo & Company increased their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, June 11th. Wolfe Research lowered shares of HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday, July 14th. TD Cowen increased their price objective on shares of HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a report on Friday, August 1st. Barclays increased their price objective on shares of HF Sinclair from $32.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, July 9th. Finally, Wall Street Zen raised shares of HF Sinclair from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $50.55.

Insider Transactions at HF Sinclair

In related 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 in the company, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

HF Sinclair Trading Down 0.9%

DINO stock opened at $51.09 on Friday. The firm has a fifty day moving average price of $45.59 and a 200 day moving average price of $37.98. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $52.86. 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 has a market cap of $9.56 billion, a PE ratio of -111.07 and a beta of 1.07.

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

HF Sinclair Dividend Announcement

The business 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. The ex-dividend date was Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. 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.