US Bancorp DE Decreases Stock Holdings in HF Sinclair Corporation (NYSE:DINO)

US Bancorp DE decreased its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 23.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,539 shares of the company’s stock after selling 2,680 shares during the quarter. US Bancorp DE’s holdings in HF Sinclair were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its stake in HF Sinclair by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock valued at $240,026,000 after purchasing an additional 737,696 shares in the last quarter. First Trust Advisors LP raised its stake in HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock valued at $110,025,000 after purchasing an additional 1,096,485 shares in the last quarter. Southeastern Asset Management Inc. TN purchased a new stake in HF Sinclair during the fourth quarter valued at $96,344,000. AQR Capital Management LLC raised its stake in HF Sinclair by 61.6% during the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company’s stock valued at $82,536,000 after purchasing an additional 906,225 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in 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 valued at $64,525,000 after purchasing an additional 1,593,875 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.1%

DINO stock opened at $44.58 on Friday. The company has a market capitalization of $8.34 billion, a PE ratio of -96.92 and a beta of 0.97. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $49.92. The firm’s 50-day moving average is $42.73 and its 200 day moving average is $36.67. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.09 by $0.61. The company had revenue of $6.78 billion for the quarter, compared to the consensus estimate 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 revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.78 EPS. On average, research analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.5%. The ex-dividend date is Thursday, August 21st. HF Sinclair’s dividend payout ratio is presently -434.78%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $42.53, for a total transaction of $467,830.00. Following the transaction, the executive vice president directly owned 39,591 shares in the company, valued at $1,683,805.23. This represents a 21.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Piper Sandler downgraded shares of HF Sinclair from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $53.00 to $51.00 in a research note on Tuesday, July 22nd. UBS Group reaffirmed a “buy” rating and set a $51.00 price target (up previously from $48.00) on shares of HF Sinclair in a research note on Monday, August 4th. Wall Street Zen raised shares of HF Sinclair from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Morgan Stanley increased their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Finally, Mizuho increased their target price on shares of HF Sinclair from $50.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.91.

HF Sinclair Company 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.