Allspring Global Investments Holdings LLC Lowers Stock Holdings in HF Sinclair Corporation (NYSE:DINO)

Allspring Global Investments Holdings LLC reduced its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 24.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 21,107 shares of the company's stock after selling 6,948 shares during the period. Allspring Global Investments Holdings LLC's holdings in HF Sinclair were worth $702,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DINO. EverSource Wealth Advisors LLC increased its position in shares of HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its position in shares of HF Sinclair by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock valued at $685,000 after acquiring an additional 379 shares during the last quarter. Bank & Trust Co increased its position in shares of HF Sinclair by 8.7% during the first quarter. Bank & Trust Co now owns 4,838 shares of the company's stock valued at $159,000 after acquiring an additional 389 shares during the last quarter. ProShare Advisors LLC increased its position in shares of HF Sinclair by 5.8% during the fourth quarter. ProShare Advisors LLC now owns 7,482 shares of the company's stock valued at $262,000 after acquiring an additional 412 shares during the last quarter. Finally, Forum Financial Management LP increased its position in shares of HF Sinclair by 7.2% during the fourth quarter. Forum Financial Management LP now owns 6,345 shares of the company's stock valued at $222,000 after acquiring an additional 424 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Price Performance

Shares of DINO stock traded down $0.87 on Friday, reaching $45.15. The company's stock had a trading volume of 1,752,860 shares, compared to its average volume of 2,571,631. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $52.88. The company has a market capitalization of $8.51 billion, a P/E ratio of -58.64 and a beta of 0.93. The stock's 50 day simple moving average is $38.67 and its 200-day simple moving average is $35.28.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The company had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter last year, the business posted $0.71 earnings per share. The firm's revenue was down 9.3% compared to the same quarter last year. As a group, equities analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were given a $0.50 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.43%. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and increased their price target for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Wells Fargo & Company increased their price objective on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, June 11th. TD Cowen increased their price objective on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Scotiabank increased their price objective on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a report on Friday. Finally, Morgan Stanley reduced their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $46.00.

About HF Sinclair

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.