HF Sinclair Corporation $DINO Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in shares of HF Sinclair Corporation (NYSE:DINO) by 25.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,911 shares of the company’s stock after selling 90,232 shares during the quarter. Legal & General Group Plc’s holdings in HF Sinclair were worth $12,207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth approximately $26,000. State of Wyoming acquired a new stake in shares of HF Sinclair during the 2nd quarter worth approximately $41,000. CI Investments Inc. grew its stake in shares of HF Sinclair by 20.0% during the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares during the period. Torren Management LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth approximately $55,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of HF Sinclair during the 3rd quarter worth approximately $74,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Price Performance

HF Sinclair stock opened at $73.28 on Thursday. The company’s fifty day moving average price is $65.03 and its 200 day moving average price is $56.62. HF Sinclair Corporation has a 1 year low of $35.29 and a 1 year high of $74.72. The stock has a market capitalization of $13.21 billion, a P/E ratio of 11.02 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $6.83 billion. During the same quarter last year, the company earned ($0.27) EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. As a group, equities research analysts anticipate that HF Sinclair Corporation will post 8.7 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid 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 yield of 2.7%. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DINO. Mizuho reaffirmed a “neutral” rating and set a $79.00 price objective (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Scotiabank raised their price objective on shares of HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Piper Sandler dropped their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $81.00 price objective on shares of HF Sinclair in a research note on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and a consensus price target of $70.82.

Insider Activity at HF Sinclair

In related news, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total value of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of HF Sinclair stock in a transaction on Friday, May 15th. The shares were sold at an average price of $69.05, for a total transaction of $690,500.00. Following the completion of the sale, the executive vice president directly owned 43,098 shares in the company, valued at $2,975,916.90. This represents a 18.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 13,736 shares of company stock worth $954,694 over the last 90 days. 0.26% of the stock is owned by insiders.

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.