Redwood Investment Management LLC Sells 10,742 Shares of HF Sinclair Corporation $DINO

Redwood Investment Management LLC lessened its position in HF Sinclair Corporation (NYSE:DINO) by 38.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 16,979 shares of the company’s stock after selling 10,742 shares during the period. Redwood Investment Management LLC’s holdings in HF Sinclair were worth $1,059,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In other HF Sinclair news, Director Rhoman J. Hardy bought 1,508 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average cost of $66.32 per share, with a total value of $100,010.56. Following the transaction, the director directly owned 15,037 shares in the company, valued at $997,253.84. This trade represents a 11.15% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares in the company, valued at $824,937.75. The trade was a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is currently owned by insiders.

HF Sinclair Trading Down 0.2%

NYSE:DINO opened at $91.25 on Monday. HF Sinclair Corporation has a 52 week low of $42.16 and a 52 week high of $94.22. The firm has a 50-day moving average price of $75.80 and a two-hundred day moving average price of $64.61. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 8.71 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last announced its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The firm had revenue of $10.39 billion for 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 revenue was up 53.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. On average, equities analysts expect that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.3%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. HF Sinclair’s dividend payout ratio is 19.08%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DINO. Zacks Research downgraded HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Evercore initiated coverage on HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 price objective for the company. UBS Group raised their target price on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Scotiabank lifted their target price on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, TD Cowen upped their price target on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of “Hold” and an average target price of $80.75.

About HF Sinclair

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.