DekaBank Deutsche Girozentrale Decreases Holdings in HF Sinclair Corporation $DINO

DekaBank Deutsche Girozentrale trimmed its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,898 shares of the company’s stock after selling 1,509 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in HF Sinclair were worth $3,836,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. IFP Advisors Inc raised its position in shares of HF Sinclair by 21.4% during the 2nd quarter. IFP Advisors Inc now owns 1,694 shares of the company’s stock valued at $71,000 after buying an additional 299 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of HF Sinclair by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the company’s stock valued at $1,853,000 after buying an additional 300 shares in the last quarter. Harbour Investments Inc. raised its position in shares of HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock valued at $78,000 after buying an additional 310 shares in the last quarter. Financial Engines Advisors L.L.C. raised its position in HF Sinclair by 1.5% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company’s stock worth $876,000 after purchasing an additional 392 shares during the period. Finally, Juncture Wealth Strategies LLC raised its position in HF Sinclair by 4.9% in the 2nd quarter. Juncture Wealth Strategies LLC now owns 8,482 shares of the company’s stock worth $348,000 after purchasing an additional 395 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

Shares of DINO stock opened at $54.52 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The company has a market capitalization of $10.20 billion, a P/E ratio of -118.53 and a beta of 1.00. The company’s 50-day simple moving average is $51.38 and its two-hundred day simple moving average is $42.78. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $55.63.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.61. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period in the prior year, the firm earned $0.78 EPS. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. As a group, equities analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. HF Sinclair’s dividend payout ratio (DPR) is currently -434.78%.

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.53, for a total transaction of $467,830.00. Following the transaction, the executive vice president directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of HF Sinclair in a research report on Friday, October 17th. They issued an “equal weight” rating and a $58.00 price objective on the stock. Wolfe Research lowered shares of HF Sinclair from a “peer perform” rating to an “underperform” rating in a research report on Monday, July 14th. Raymond James Financial reissued a “strong-buy” rating and issued a $65.00 price objective (up from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Mizuho increased their price objective on shares of HF Sinclair from $52.00 to $60.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Scotiabank reissued an “outperform” rating on shares of HF Sinclair in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $58.36.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.