Assenagon Asset Management S.A. Sells 510,839 Shares of HF Sinclair Corporation $DINO

Assenagon Asset Management S.A. lessened its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 77.1% during the first quarter, Holdings Channel.com reports. The institutional investor owned 151,483 shares of the company’s stock after selling 510,839 shares during the quarter. Assenagon Asset Management S.A.’s holdings in HF Sinclair were worth $9,451,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in HF Sinclair during the fourth quarter worth approximately $26,000. REAP Financial Group LLC acquired a new position in shares of HF Sinclair in the fourth quarter valued at about $29,000. Nalls Sherbakoff Group LLC bought a new position in HF Sinclair during the fourth quarter worth about $36,000. State of Wyoming bought a new position in HF Sinclair during the second quarter worth about $41,000. Finally, IFC & Insurance Marketing Inc. bought a new stake in HF Sinclair in the 4th quarter valued at about $43,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Performance

NYSE:DINO opened at $68.21 on Monday. The stock’s 50-day simple moving average is $67.71 and its 200 day simple moving average is $58.47. The firm has a market capitalization of $12.30 billion, a PE ratio of 10.26 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. HF Sinclair Corporation has a twelve month low of $40.43 and a twelve month high of $74.72.

HF Sinclair (NYSE:DINO) last issued its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. On average, analysts anticipate that HF Sinclair Corporation will post 8.9 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, May 11th. HF Sinclair’s dividend payout ratio is presently 30.08%.

Insider Activity

In other news, CFO Vivek Garg sold 717 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the sale, the chief financial officer directly owned 11,475 shares in the company, valued at approximately $824,937.75. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $69.05, for a total value of $690,500.00. Following the sale, the executive vice president owned 43,098 shares in the company, valued at approximately $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. In the last ninety days, insiders sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on DINO shares. UBS Group raised their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Mizuho reiterated a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. TD Cowen boosted their price target on HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, May 4th. The Goldman Sachs Group reissued a “buy” rating and set a $81.00 target price on shares of HF Sinclair in a report on Wednesday, May 6th. Finally, Barclays raised their price target on HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Hold” and a consensus target price of $71.64.

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.