HF Sinclair Corporation $DINO Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in HF Sinclair Corporation (NYSE:DINO) by 97.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,271 shares of the company’s stock after selling 203,914 shares during the quarter. SG Americas Securities LLC’s holdings in HF Sinclair were worth $276,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in DINO. Encompass Capital Advisors LLC acquired a new position in shares of HF Sinclair during the 2nd quarter worth $70,437,000. Engineers Gate Manager LP boosted its holdings in HF Sinclair by 1,068.6% during the second quarter. Engineers Gate Manager LP now owns 786,606 shares of the company’s stock worth $32,314,000 after buying an additional 719,292 shares in the last quarter. Norges Bank acquired a new position in HF Sinclair during the second quarter worth about $25,531,000. Assenagon Asset Management S.A. purchased a new position in HF Sinclair in the third quarter valued at about $24,213,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in HF Sinclair by 137.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 779,012 shares of the company’s stock valued at $32,002,000 after buying an additional 451,346 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Trading Up 1.2%

HF Sinclair stock opened at $49.94 on Wednesday. The stock has a 50-day moving average price of $49.40 and a 200 day moving average price of $49.71. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $56.58. The stock has a market cap of $9.19 billion, a PE ratio of 23.89 and a beta of 0.84. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.50. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $0.51 EPS. Equities research analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, November 19th. HF Sinclair’s payout ratio is presently 95.69%.

Analyst Ratings Changes

DINO has been the topic of several research analyst reports. UBS Group boosted their price target on HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Mizuho boosted their target price on HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Piper Sandler lowered their target price on HF Sinclair from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Barclays decreased their price objective on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Finally, Wall Street Zen downgraded shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $59.90.

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.