DekaBank Deutsche Girozentrale Sells 1,509 Shares of HF Sinclair Corporation $DINO

DekaBank Deutsche Girozentrale trimmed its position in shares of HF Sinclair Corporation (NYSE:DINO) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,898 shares of the company’s stock after selling 1,509 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in HF Sinclair were worth $3,836,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock valued at $269,142,000 after purchasing an additional 1,337,093 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in HF Sinclair by 7.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company’s stock worth $194,888,000 after acquiring an additional 415,206 shares during the last quarter. AQR Capital Management LLC raised its holdings in HF Sinclair by 109.8% in the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after acquiring an additional 2,609,857 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in HF Sinclair by 1.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company’s stock worth $83,638,000 after acquiring an additional 36,592 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in HF Sinclair by 207.5% in the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after acquiring an additional 1,329,408 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DINO shares. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. TD Cowen boosted their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Morgan Stanley boosted their target price on shares of HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Wells Fargo & Company started coverage on shares of HF Sinclair in a research note on Friday, October 17th. They set an “equal weight” rating and a $58.00 target price for the company. Finally, The Goldman Sachs Group boosted their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $58.36.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 39,591 shares in the company, valued at $1,683,805.23. The trade was a 21.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by insiders.

HF Sinclair Stock Down 0.6%

Shares of DINO stock opened at $54.52 on Friday. The stock has a market cap of $10.20 billion, a P/E ratio of -118.53 and a beta of 1.00. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $55.63. 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’s fifty day simple moving average is $51.38 and its two-hundred day simple moving average is $42.78.

HF Sinclair (NYSE:DINO) last announced 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 business had revenue of $6.78 billion for 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 business’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. Analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a $0.50 dividend. The ex-dividend date was Thursday, August 21st. This represents a $2.00 annualized dividend and a yield of 3.7%. HF Sinclair’s payout ratio is presently -434.78%.

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.