HF Sinclair Corporation $DINO Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd lowered its position in HF Sinclair Corporation (NYSE:DINO) by 73.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,825 shares of the company’s stock after selling 5,113 shares during the period. Bayforest Capital Ltd’s holdings in HF Sinclair were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in DINO. Byrne Asset Management LLC acquired a new stake in HF Sinclair in the first quarter valued at about $35,000. Allworth Financial LP lifted its position in HF Sinclair by 553.9% in the first quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock valued at $41,000 after purchasing an additional 1,130 shares during the period. UMB Bank n.a. lifted its position in HF Sinclair by 2,202.9% in the first quarter. UMB Bank n.a. now owns 1,566 shares of the company’s stock valued at $51,000 after purchasing an additional 1,498 shares during the period. Harbour Investments Inc. lifted its position in HF Sinclair by 15.0% in the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock valued at $78,000 after purchasing an additional 310 shares during the period. Finally, Exchange Traded Concepts LLC lifted its position in HF Sinclair by 1,265.8% in the first quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company’s stock valued at $84,000 after purchasing an additional 2,367 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Price Performance

DINO stock opened at $51.11 on Friday. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $46.43 and a 200-day moving average of $38.51. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $53.14. The company has a market cap of $9.56 billion, a price-to-earnings ratio of -111.11 and a beta of 1.07.

HF Sinclair (NYSE:DINO) last issued 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. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The business had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period last year, the company posted $0.78 EPS. The company’s revenue was down 13.5% on a year-over-year basis. As a group, equities analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is -434.78%.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the firm’s 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 directly owned 39,591 shares of the company’s stock, valued at $1,683,805.23. This trade represents a 21.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on DINO shares. Mizuho raised their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Piper Sandler lifted their price target on shares of HF Sinclair from $51.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday. TD Cowen lifted their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Barclays lifted their price target on shares of HF Sinclair from $32.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company lifted their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 11th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $51.82.

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.