Savant Capital LLC Trims Position in HF Sinclair Corporation $DINO

Savant Capital LLC cut its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 89.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,653 shares of the company’s stock after selling 93,440 shares during the quarter. Savant Capital LLC’s holdings in HF Sinclair were worth $491,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Moors & Cabot Inc. raised its position in HF Sinclair by 9.6% during the 4th quarter. Moors & Cabot Inc. now owns 5,700 shares of the company’s stock worth $263,000 after buying an additional 500 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of HF Sinclair by 262.7% during the 4th quarter. Intech Investment Management LLC now owns 68,202 shares of the company’s stock valued at $3,143,000 after purchasing an additional 49,397 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of HF Sinclair by 1,451.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock valued at $2,827,000 after purchasing an additional 57,391 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of HF Sinclair by 8.3% during the 4th quarter. Geode Capital Management LLC now owns 3,074,854 shares of the company’s stock valued at $141,729,000 after purchasing an additional 235,463 shares in the last quarter. Finally, Kestra Investment Management LLC increased its holdings in shares of HF Sinclair by 5.5% during the 4th quarter. Kestra Investment Management LLC now owns 12,881 shares of the company’s stock valued at $594,000 after purchasing an additional 676 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at HF Sinclair

In related news, EVP Valerie Pompa sold 10,000 shares of HF Sinclair stock in a transaction on Friday, May 15th. The shares were sold at an average price of $69.05, for a total value of $690,500.00. Following the sale, the executive vice president owned 43,098 shares of the company’s stock, valued at approximately $2,975,916.90. This trade represents a 18.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the sale, the chief financial officer directly owned 11,475 shares in the company, valued at $824,937.75. This represents a 5.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,736 shares of company stock worth $954,694 over the last 90 days. 0.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DINO shares. UBS Group lifted their target price 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 lifted their target price on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 25th. Piper Sandler cut their target price on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Weiss Ratings raised shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Argus raised shares of HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.82.

HF Sinclair Price Performance

HF Sinclair stock opened at $72.70 on Friday. The company’s fifty day moving average price is $65.26 and its 200 day moving average price is $56.73. HF Sinclair Corporation has a 1 year low of $35.29 and a 1 year high of $74.72. The stock has a market capitalization of $13.10 billion, a P/E ratio of 10.93 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) 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 analysts’ expectations of $6.83 billion. During the same quarter last year, the company earned ($0.27) EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities research analysts anticipate that HF Sinclair Corporation will post 8.7 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a yield of 2.8%. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

HF Sinclair 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.