Bessemer Group Inc. Sells 43,037 Shares of HF Sinclair Corporation (NYSE:DINO)

Bessemer Group Inc. cut its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 67.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,833 shares of the company’s stock after selling 43,037 shares during the period. Bessemer Group Inc.’s holdings in HF Sinclair were worth $685,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Southeastern Asset Management Inc. TN purchased a new position in shares of HF Sinclair in the 4th quarter valued at $96,344,000. Balyasny Asset Management L.P. lifted its stake in shares of HF Sinclair by 645.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock worth $64,525,000 after buying an additional 1,593,875 shares during the period. Norges Bank purchased a new position in shares of HF Sinclair in the fourth quarter worth about $41,317,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of HF Sinclair by 114.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after purchasing an additional 1,126,825 shares during the period. Finally, First Trust Advisors LP boosted its position in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock valued at $110,025,000 after buying an additional 1,096,485 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Up 2.5%

Shares of DINO opened at $42.09 on Wednesday. The company’s 50-day moving average price is $36.44 and its 200 day moving average price is $34.72. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $54.48. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29. The firm has a market cap of $7.93 billion, a P/E ratio of -54.66 and a beta of 0.93.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The company had revenue of $6.37 billion for the quarter, compared to analysts’ expectations of $6.72 billion. During the same period in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue was down 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.75%. The ex-dividend date was Thursday, May 15th. HF Sinclair’s dividend payout ratio (DPR) is presently -259.74%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DINO shares. Wells Fargo & Company raised their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 11th. Morgan Stanley decreased their target price on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Scotiabank cut their price target on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Mizuho raised HF Sinclair from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Finally, TD Cowen raised their target price on HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a report on Friday, May 2nd. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average price target of $43.70.

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.