HF Sinclair Corporation $DINO Shares Sold by Royal Bank of Canada

Royal Bank of Canada lessened its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 33.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 93,904 shares of the company’s stock after selling 46,451 shares during the quarter. Royal Bank of Canada’s holdings in HF Sinclair were worth $5,859,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NFJ Investment Group LLC grew its holdings in HF Sinclair by 1,275.3% in the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after buying an additional 1,737,318 shares in the last quarter. Invesco Ltd. raised its stake in HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after acquiring an additional 994,090 shares in the last quarter. Victory Capital Management Inc. raised its stake in HF Sinclair by 101.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock valued at $82,712,000 after acquiring an additional 903,177 shares in the last quarter. Merewether Investment Management LP acquired a new position in HF Sinclair during the 3rd quarter worth $35,717,000. Finally, First Trust Advisors LP boosted its position in HF Sinclair by 161.5% during the 1st quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock worth $64,702,000 after acquiring an additional 640,455 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the completion of the transaction, 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 22,672 shares of company stock valued at $1,710,500 over the last 90 days. 0.26% of the stock is owned by insiders.

HF Sinclair Trading Up 0.4%

HF Sinclair stock opened at $85.57 on Wednesday. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of 8.17 and a beta of 0.70. HF Sinclair Corporation has a 1 year low of $43.32 and a 1 year high of $94.22. The firm’s 50 day moving average price is $77.92 and its two-hundred day moving average price is $66.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The company’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. On average, research analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is currently 19.08%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DINO shares. Mizuho raised their price target on HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Morgan Stanley upped their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 target price on shares of HF Sinclair in a research report on Wednesday, July 29th. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $81.25.

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.