Fort Washington Investment Advisors Inc. OH Reduces Position in HF Sinclair Corporation $DINO

Fort Washington Investment Advisors Inc. OH trimmed its position in HF Sinclair Corporation (NYSE:DINO) by 25.8% during the first quarter, Holdings Channel.com reports. The firm owned 359,264 shares of the company’s stock after selling 124,820 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in HF Sinclair were worth $22,414,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. CI Investments Inc. grew its stake in shares of HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares in the last quarter. Virtus Investment Advisers LLC raised its stake in HF Sinclair by 5.9% in the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after buying an additional 195 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in HF Sinclair by 3.8% during the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after buying an additional 210 shares during the last quarter. Unison Advisors LLC lifted its holdings in HF Sinclair by 0.9% during the 4th quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after buying an additional 218 shares during the last quarter. Finally, Parallel Advisors LLC boosted its position in shares of HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after acquiring an additional 221 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 10,000 shares of the company’s 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 completion of the sale, the executive vice president owned 43,098 shares in the company, valued at $2,975,916.90. This represents a 18.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vivek Garg sold 717 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This represents a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DINO. UBS Group increased their price objective on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Zacks Research cut HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Scotiabank upped their price target on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Mizuho reiterated a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. Finally, Wells Fargo & Company raised their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and a consensus target price of $71.64.

HF Sinclair Stock Down 0.1%

DINO opened at $68.21 on Monday. HF Sinclair Corporation has a one year low of $40.43 and a one year high of $74.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. The stock has a market capitalization of $12.30 billion, a P/E ratio of 10.26 and a beta of 0.72. The business’s 50-day simple moving average is $67.71 and its 200-day simple moving average is $58.47.

HF Sinclair (NYSE:DINO) last announced its 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. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.27) EPS. Analysts anticipate that HF Sinclair Corporation will post 8.9 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is presently 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.