HF Sinclair Corporation $DINO Shares Sold by Diversified Trust Co

Diversified Trust Co reduced its stake in HF Sinclair Corporation (NYSE:DINO) by 88.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,413 shares of the company’s stock after selling 40,096 shares during the quarter. Diversified Trust Co’s holdings in HF Sinclair were worth $338,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the sale, the director owned 16,543 shares in the company, valued at $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vivek Garg sold 717 shares of the 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 directly owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This represents a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is owned by company insiders.

HF Sinclair Trading Up 0.6%

Shares of HF Sinclair stock opened at $68.21 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. The company has a market capitalization of $12.30 billion, a P/E ratio of 10.26 and a beta of 0.72. HF Sinclair Corporation has a 1 year low of $40.43 and a 1 year high of $74.72. The company’s fifty day moving average is $67.71 and its two-hundred day moving average is $58.40.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion for 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%.The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) EPS. Analysts forecast that HF Sinclair Corporation will post 8.9 earnings per share for the current year.

HF Sinclair Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on DINO. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $81.00 target price on shares of HF Sinclair in a research report on Wednesday, May 6th. Mizuho restated a “neutral” rating and set a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. Zacks Research lowered HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, UBS Group lifted their price objective on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Hold” and a consensus price target of $71.64.

HF Sinclair 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.