Amalgamated Bank Sells 1,655 Shares of HF Sinclair Corporation (NYSE:DINO)

Amalgamated Bank cut its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,877 shares of the company’s stock after selling 1,655 shares during the quarter. Amalgamated Bank’s holdings in HF Sinclair were worth $2,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in DINO. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of HF Sinclair during the 4th quarter valued at $31,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair in the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its position in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after purchasing an additional 327 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of HF Sinclair during the first quarter valued at about $35,000. Finally, UMB Bank n.a. grew its holdings in shares of HF Sinclair by 2,202.9% during the first quarter. UMB Bank n.a. now owns 1,566 shares of the company’s stock worth $51,000 after purchasing an additional 1,498 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

DINO stock opened at $44.15 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. The company’s fifty day simple moving average is $37.26 and its 200 day simple moving average is $34.90. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $52.88. The firm has a market cap of $8.32 billion, a price-to-earnings ratio of -57.34 and a beta of 0.93.

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

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 4.53%. HF Sinclair’s payout ratio is currently -259.74%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wells Fargo & Company lifted their target price 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. Scotiabank dropped their price target on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Mizuho upgraded shares of HF Sinclair from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. TD Cowen increased their price objective on HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a report on Friday, May 2nd. Finally, Barclays raised their target price on HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, May 12th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $43.70.

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.