Truist Financial Corp Sells 1,114 Shares of HF Sinclair Corporation $DINO

Truist Financial Corp reduced its position in HF Sinclair Corporation (NYSE:DINO) by 11.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,419 shares of the company’s stock after selling 1,114 shares during the quarter. Truist Financial Corp’s holdings in HF Sinclair were worth $346,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. West Oak Capital LLC bought a new stake in shares of HF Sinclair in the 2nd quarter valued at $38,000. Allworth Financial LP boosted its stake in shares of HF Sinclair by 553.9% in the 1st 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 last quarter. Farther Finance Advisors LLC boosted its stake in shares of HF Sinclair by 157.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,722 shares of the company’s stock valued at $71,000 after purchasing an additional 1,054 shares during the last quarter. Harbour Investments Inc. boosted its stake in shares of HF Sinclair by 15.0% in the 1st 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 last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of HF Sinclair by 111.8% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,031 shares of the company’s stock valued at $83,000 after purchasing an additional 1,072 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DINO has been the topic of a number of analyst reports. Wall Street Zen raised shares of HF Sinclair from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of HF Sinclair in a research note on Wednesday, October 8th. The Goldman Sachs Group increased their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. UBS Group increased their target price on shares of HF Sinclair from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Mizuho increased their target price on shares of HF Sinclair from $52.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.09.

HF Sinclair Stock Performance

DINO opened at $50.58 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 company’s fifty day moving average price is $50.33 and its two-hundred day moving average price is $41.70. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $54.73. The company has a market cap of $9.46 billion, a price-to-earnings ratio of -109.96 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.61. The firm 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 business’s revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.78 earnings per share. On average, analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a $0.50 dividend. The ex-dividend date was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.0%. HF Sinclair’s dividend payout ratio is currently -434.78%.

Insider Activity at HF Sinclair

In other 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 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 ownership of the stock. 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 corporate insiders.

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.