Hsbc Holdings PLC Sells 46,480 Shares of HF Sinclair Corporation $DINO

Hsbc Holdings PLC trimmed its position in shares of HF Sinclair Corporation (NYSE:DINO) by 29.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,466 shares of the company’s stock after selling 46,480 shares during the period. Hsbc Holdings PLC’s holdings in HF Sinclair were worth $6,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its stake in shares of HF Sinclair by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock worth $30,899,000 after purchasing an additional 119,832 shares during the last quarter. Focus Partners Wealth lifted its stake in HF Sinclair by 71.7% in the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after purchasing an additional 8,102 shares during the last quarter. Amundi lifted its stake in HF Sinclair by 7.7% in the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after purchasing an additional 12,387 shares during the last quarter. Jump Financial LLC bought a new position in HF Sinclair during the second quarter worth about $209,000. Finally, Cerity Partners LLC grew its holdings in HF Sinclair by 25.7% during the second quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after purchasing an additional 29,635 shares during the period. 88.29% of the stock is owned by institutional investors.

HF Sinclair Price Performance

NYSE:DINO opened at $89.00 on Friday. HF Sinclair Corporation has a 52 week low of $42.16 and a 52 week high of $93.66. 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 firm’s 50-day simple moving average is $73.39 and its 200 day simple moving average is $62.87. The firm has a market cap of $16.04 billion, a price-to-earnings ratio of 13.38 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the business posted ($0.27) EPS. The business’s revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts predict that HF Sinclair Corporation will post 10.81 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders 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 annualized dividend and a yield of 2.2%. HF Sinclair’s payout ratio is currently 30.08%.

Insider Transactions at HF Sinclair

In related news, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the transaction, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rhoman J. Hardy acquired 1,508 shares of HF Sinclair stock in a transaction on Tuesday, June 16th. The shares were purchased at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the purchase, the director directly owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This represents a 11.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders sold 13,736 shares of company stock worth $954,694. Corporate insiders own 0.26% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. UBS Group lifted their price objective on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. The Goldman Sachs Group upped 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. Freedom Capital upgraded shares of HF Sinclair to a “hold” rating in a research note on Friday, June 5th. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of HF Sinclair in a research note on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $79.08.

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.