Allspring Global Investments Holdings LLC Sells 7,556 Shares of HF Sinclair Corporation $DINO

Allspring Global Investments Holdings LLC reduced its position in HF Sinclair Corporation (NYSE:DINO) by 29.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,147 shares of the company’s stock after selling 7,556 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in HF Sinclair were worth $1,106,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Virtus Investment Advisers LLC lifted its holdings in shares of HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after acquiring an additional 195 shares during the last quarter. D.A. Davidson & CO. boosted its position in HF Sinclair by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after buying an additional 210 shares during the period. Unison Advisors LLC boosted its position in HF Sinclair by 0.9% during the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock valued at $1,074,000 after buying an additional 218 shares during the period. Parallel Advisors LLC grew its stake in shares of HF Sinclair by 4.9% during the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after buying an additional 221 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of HF Sinclair by 4.7% during the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after buying an additional 228 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Up 0.1%

Shares of NYSE DINO opened at $88.39 on Monday. The firm has a fifty day simple moving average of $73.75 and a two-hundred day simple moving average of $63.15. HF Sinclair Corporation has a 12 month low of $42.16 and a 12 month high of $93.66. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $15.93 billion, a PE ratio of 13.29 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the previous year, the firm posted ($0.27) EPS. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. Equities analysts expect that HF Sinclair Corporation will post 11.15 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s payout ratio is presently 30.08%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the transaction, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Manuel J. Fernandez sold 635 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the transaction, the director directly owned 16,543 shares of the company’s stock, valued at $1,209,127.87. This represents a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 13,736 shares of company stock worth $954,694. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of analyst reports. Barclays increased their price objective on HF Sinclair from $71.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday, July 13th. UBS Group upped their price target on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Raymond James Financial reissued a “strong-buy” rating on shares of HF Sinclair in a research report on Monday, July 13th. Evercore began coverage on shares of HF Sinclair in a report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price target on the stock. Finally, TD Cowen raised their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $79.08.

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.