Allspring Global Investments Holdings LLC Decreases Position in HF Sinclair Corporation $DINO

Allspring Global Investments Holdings LLC lessened its position in HF Sinclair Corporation (NYSE:DINO) by 29.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 18,147 shares of the company’s stock after selling 7,556 shares during the period. Allspring Global Investments Holdings LLC’s holdings in HF Sinclair were worth $1,106,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DINO. NFJ Investment Group LLC lifted its position in HF Sinclair by 1,275.3% in the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after acquiring an additional 1,737,318 shares in the last quarter. Invesco Ltd. lifted its stake in HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after acquiring an additional 994,090 shares during the period. Victory Capital Management Inc. lifted its stake in HF Sinclair by 101.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock valued at $82,712,000 after acquiring an additional 903,177 shares during the period. Merewether Investment Management LP purchased a new stake in shares of HF Sinclair during the 3rd quarter valued at about $35,717,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of HF Sinclair by 75.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,418,447 shares of the company’s stock valued at $65,362,000 after acquiring an additional 608,472 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DINO. The Goldman Sachs Group boosted their price objective on shares of HF Sinclair from $81.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. TD Cowen boosted their target price on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Evercore began coverage on HF Sinclair in a report on Friday, July 17th. They set an “in-line” rating and a $85.00 price target on the stock. Mizuho restated 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. Finally, Zacks Research lowered HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $79.08.

Insider Buying and Selling

In related news, 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 transaction of $51,545.13. Following the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of the company’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 completion of the sale, the executive vice president owned 43,098 shares of the company’s stock, valued at approximately $2,975,916.90. The trade was a 18.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,736 shares of company stock worth $954,694 in the last quarter. Company insiders own 0.26% of the company’s stock.

HF Sinclair Stock Up 0.1%

Shares of DINO stock opened at $88.39 on Monday. HF Sinclair Corporation has a 12 month low of $42.16 and a 12 month high of $93.66. The stock has a market cap of $15.93 billion, a P/E ratio of 13.29 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The company has a 50 day simple moving average of $73.75 and a two-hundred day simple moving average of $63.15.

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 the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the firm earned ($0.27) earnings per share. On average, research analysts expect that HF Sinclair Corporation will post 11.15 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

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.