AlphaQuest LLC Sells 9,136 Shares of HF Sinclair Corporation $DINO

AlphaQuest LLC decreased its position in shares of HF Sinclair Corporation (NYSE:DINO) by 24.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,295 shares of the company’s stock after selling 9,136 shares during the quarter. AlphaQuest LLC’s holdings in HF Sinclair were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in HF Sinclair during the fourth quarter valued at about $26,000. State of Wyoming bought a new position in shares of HF Sinclair during the 2nd quarter valued at approximately $41,000. CI Investments Inc. increased its position in HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after acquiring an additional 187 shares during the last quarter. Torren Management LLC bought a new position in HF Sinclair during the fourth quarter valued at $55,000. Finally, Employees Retirement System of Texas bought a new position in shares of HF Sinclair during the third quarter valued at approximately $74,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Performance

DINO opened at $68.41 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The firm has a fifty day moving average price of $64.09 and a 200 day moving average price of $56.13. HF Sinclair Corporation has a 1 year low of $35.10 and a 1 year high of $74.72. The stock has a market cap of $12.33 billion, a P/E ratio of 10.29 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The company 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%.HF Sinclair’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) EPS. Equities research analysts anticipate that HF Sinclair Corporation will post 8.7 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. HF Sinclair’s dividend payout ratio is presently 30.08%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DINO shares. BMO Capital Markets cut their price target on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Mizuho reaffirmed a “neutral” rating and set a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research report on Wednesday. TD Cowen raised their price target on shares of HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a report on Monday, May 4th. UBS Group raised their price objective on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Piper Sandler lowered their target price on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $70.82.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, CFO Vivek Garg sold 717 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 11,475 shares of the company’s stock, valued at $824,937.75. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Valerie Pompa sold 10,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $69.05, for a total transaction of $690,500.00. Following the completion of the sale, the executive vice president owned 43,098 shares of the company’s stock, valued at $2,975,916.90. This trade represents a 18.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 13,101 shares of company stock valued at $908,281 over the last quarter. 0.26% of the stock is currently owned by insiders.

HF Sinclair Company 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.