UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 14,405 Shares of HF Sinclair Corporation $DINO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of HF Sinclair Corporation (NYSE:DINO) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 373,312 shares of the company’s stock after selling 14,405 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in HF Sinclair were worth $26,001,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in shares of HF Sinclair by 14.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock worth $30,899,000 after acquiring an additional 119,832 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of HF Sinclair by 71.7% during the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after purchasing an additional 8,102 shares during the last quarter. Amundi grew its holdings in shares of HF Sinclair by 7.7% during the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after purchasing an additional 12,387 shares during the last quarter. Jump Financial LLC purchased a new position in HF Sinclair in the 2nd quarter worth $209,000. Finally, Cerity Partners LLC lifted its stake in HF Sinclair by 25.7% in the second quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after purchasing an additional 29,635 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Rhoman J. Hardy bought 1,508 shares of HF Sinclair stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the transaction, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DINO. Raymond James Financial set a $105.00 price target on shares of HF Sinclair in a research report on Wednesday, July 29th. The Goldman Sachs Group restated a “buy” rating and set a $114.00 target price on shares of HF Sinclair in a report on Wednesday, July 29th. Barclays raised their price target on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. TD Cowen boosted their price objective on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley increased their price objective on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.42.

HF Sinclair Price Performance

DINO opened at $106.13 on Friday. The stock’s 50 day moving average price is $87.61 and its 200-day moving average price is $71.48. HF Sinclair Corporation has a 52-week low of $45.71 and a 52-week high of $108.25. The stock has a market capitalization of $18.87 billion, a PE ratio of 10.13 and a beta of 0.71. 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 earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same quarter in the previous year, the firm posted $1.10 EPS. The company’s revenue for the quarter was up 53.2% compared to the same quarter last year. On average, equities research analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.525 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.0%. HF Sinclair’s dividend payout ratio (DPR) is currently 20.04%.

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.