Y Intercept Hong Kong Ltd Sells 106,146 Shares of HF Sinclair Corporation $DINO

Y Intercept Hong Kong Ltd trimmed its position in HF Sinclair Corporation (NYSE:DINO) by 91.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 9,424 shares of the company’s stock after selling 106,146 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in HF Sinclair were worth $588,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Kingsview Wealth Management LLC lifted its stake in HF Sinclair by 1,451.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock worth $2,827,000 after acquiring an additional 57,391 shares during the period. Jefferies Financial Group Inc. bought a new position in HF Sinclair during the 4th quarter worth about $6,194,000. Hillsdale Investment Management Inc. increased its position in HF Sinclair by 317.9% during the 4th quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company’s stock valued at $3,871,000 after purchasing an additional 63,900 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of HF Sinclair in the 4th quarter valued at about $1,717,000. Finally, Prudential PLC bought a new stake in shares of HF Sinclair in the 4th quarter valued at about $5,505,000. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on DINO shares. Morgan Stanley increased their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Scotiabank increased their target price on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Mizuho reissued a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. Finally, Weiss Ratings upgraded HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.27.

HF Sinclair Stock Performance

Shares of DINO opened at $81.72 on Tuesday. HF Sinclair Corporation has a 12 month low of $42.16 and a 12 month high of $82.05. The stock has a fifty day moving average price of $70.71 and a 200-day moving average price of $60.51. 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 firm has a market cap of $14.73 billion, a PE ratio of 12.29 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 for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the previous year, the business earned ($0.27) EPS. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts predict that HF Sinclair Corporation will post 9.89 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. HF Sinclair’s dividend payout ratio is 30.08%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, CFO Vivek Garg sold 717 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction 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. The trade was a 5.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the transaction, the senior vice president owned 14,797 shares in the company, valued at $1,031,794.81. The trade was a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,736 shares of company stock worth $954,694 over the last ninety days. 0.26% of the stock is currently owned by insiders.

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.