HF Sinclair Corporation (NYSE:DINO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 1.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,526,088 shares of the company’s stock after selling 172,648 shares during the period. Vanguard Group Inc. owned 8.77% of HF Sinclair worth $543,378,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of HF Sinclair during the 4th quarter worth about $31,000. Byrne Asset Management LLC acquired a new position in shares of HF Sinclair during the 1st quarter worth about $35,000. Allworth Financial LP raised its position in shares of HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after purchasing an additional 1,130 shares during the last quarter. UMB Bank n.a. raised its position in shares of HF Sinclair by 2,202.9% during the 1st 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. Finally, TD Waterhouse Canada Inc. raised its position in shares of HF Sinclair by 98.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company’s stock worth $56,000 after purchasing an additional 796 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $44.58 on Friday. 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 stock has a market capitalization of $8.34 billion, a P/E ratio of -96.92 and a beta of 0.97. The company has a 50 day moving average price of $42.73 and a 200 day moving average price of $36.67. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $49.92.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.61. The firm had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter last year, the company posted $0.78 EPS. Equities research analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.5%. HF Sinclair’s dividend payout ratio (DPR) is presently -434.78%.

Insider Buying and Selling at HF Sinclair

In related news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.53, for a total transaction of $467,830.00. Following the completion of the transaction, the executive vice president owned 39,591 shares of the company’s stock, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DINO. Wolfe Research downgraded shares of HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday, July 14th. 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. UBS Group reiterated a “buy” rating and issued a $51.00 price objective (up previously from $48.00) on shares of HF Sinclair in a report on Monday, August 4th. 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. Finally, Mizuho increased their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.91.

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.