HF Sinclair Corporation $DINO Stake Lessened by Amundi

Amundi cut its stake in HF Sinclair Corporation (NYSE:DINO) by 90.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,812 shares of the company’s stock after selling 1,587,182 shares during the period. Amundi owned approximately 0.09% of HF Sinclair worth $5,320,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. American Trust Investment Advisors LLC bought a new position in shares of HF Sinclair in the first quarter valued at approximately $830,000. Focus Partners Advisor Solutions LLC bought a new position in shares of HF Sinclair in the first quarter valued at approximately $684,000. Energy Income Partners LLC boosted its holdings in shares of HF Sinclair by 85.9% in the first quarter. Energy Income Partners LLC now owns 54,890 shares of the company’s stock valued at $1,805,000 after acquiring an additional 25,364 shares in the last quarter. Twin Tree Management LP bought a new position in shares of HF Sinclair in the first quarter valued at approximately $106,000. Finally, Ieq Capital LLC boosted its holdings in shares of HF Sinclair by 59.5% in the first quarter. Ieq Capital LLC now owns 170,353 shares of the company’s stock valued at $5,601,000 after acquiring an additional 63,580 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

Insider Transactions at HF Sinclair

In other HF Sinclair 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 value of $467,830.00. Following the completion of the sale, the executive vice president owned 39,591 shares in the company, valued at $1,683,805.23. This represents a 21.74% decrease in their position. The transaction 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 insiders.

HF Sinclair Stock Down 2.4%

DINO stock opened at $51.17 on Thursday. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $53.14. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.57 billion, a price-to-earnings ratio of -111.23 and a beta of 1.07. The company has a 50 day moving average of $46.14 and a two-hundred day moving average of $38.28.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The company’s revenue was down 13.5% compared to the same quarter last year. On average, equities 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 announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders 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 is presently -434.78%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DINO. Wells Fargo & Company raised their target price on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 11th. Raymond James Financial restated a “strong-buy” rating on shares of HF Sinclair in a report on Tuesday. TD Cowen raised their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, August 1st. Scotiabank raised their target price on shares of HF Sinclair from $49.00 to $61.00 and gave the stock a “sector outperform” rating in a report on Friday, July 11th. Finally, UBS Group raised their target price on shares of HF Sinclair from $51.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.09.

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.