HF Sinclair Corporation $DINO Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its position in HF Sinclair Corporation (NYSE:DINO) by 43.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,947 shares of the company’s stock after selling 44,942 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in HF Sinclair were worth $3,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kiker Wealth Management LLC purchased a new stake in shares of HF Sinclair during the second quarter worth about $32,000. Johnson Financial Group Inc. acquired a new stake in HF Sinclair during the 2nd quarter valued at approximately $33,000. West Oak Capital LLC purchased a new stake in HF Sinclair during the 2nd quarter worth approximately $38,000. State of Wyoming acquired a new position in shares of HF Sinclair in the 2nd quarter valued at approximately $41,000. Finally, Hilltop National Bank purchased a new position in shares of HF Sinclair during the 2nd quarter valued at approximately $46,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $50.30 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $50.61 and its two-hundred day moving average price is $49.16. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $56.58. The stock has a market capitalization of $9.25 billion, a P/E ratio of 24.07 and a beta of 0.84.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. As a group, sell-side analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Wednesday, November 19th. HF Sinclair’s dividend payout ratio (DPR) is presently 95.69%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DINO. Mizuho upped their price target on shares of HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, December 12th. The Goldman Sachs Group upped 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. Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 price target (up previously from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Piper Sandler upgraded HF Sinclair from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $64.00 to $68.00 in a research note on Thursday. Finally, Morgan Stanley upped their price objective on HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.60.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.