Deutsche Bank AG Sells 24,498 Shares of HF Sinclair Co. (NYSE:DINO)

Deutsche Bank AG reduced its holdings in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,716,357 shares of the company's stock after selling 24,498 shares during the period. Deutsche Bank AG owned 0.91% of HF Sinclair worth $60,158,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of DINO. Balyasny Asset Management L.P. grew its position in HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock valued at $64,525,000 after purchasing an additional 1,593,875 shares during the last quarter. Norges Bank purchased a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $41,317,000. Thompson Siegel & Walmsley LLC increased its position in shares of HF Sinclair by 114.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock valued at $74,116,000 after acquiring an additional 1,126,825 shares in the last quarter. First Trust Advisors LP raised its holdings in HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after acquiring an additional 1,096,485 shares during the last quarter. Finally, Amundi raised its holdings in HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after acquiring an additional 996,155 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DINO. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $40.00 to $47.00 in a report on Tuesday. Piper Sandler reduced their price objective on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company decreased their target price on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Barclays raised their price target on shares of HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a report on Monday. Finally, TD Cowen lifted their price target on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of "Moderate Buy" and an average target price of $43.30.

Insiders Place Their Bets

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.34% of the company's stock.

HF Sinclair Stock Performance

Shares of DINO traded down $0.62 on Friday, reaching $36.61. The company's stock had a trading volume of 2,216,298 shares, compared to its average volume of 2,463,257. The stock's 50 day simple moving average is $31.33 and its two-hundred day simple moving average is $35.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a market capitalization of $6.90 billion, a P/E ratio of 44.65 and a beta of 0.81. HF Sinclair Co. has a 12-month low of $24.66 and a 12-month high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.14. The business had revenue of $6.37 billion for the quarter, compared to analysts' expectations of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company's revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. Research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.46%. The ex-dividend date is Thursday, May 15th. HF Sinclair's dividend payout ratio is presently -259.74%.

HF Sinclair Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.