Amundi Boosts Holdings in HF Sinclair Corporation $DINO

Key Points

• Amundi increased its HF Sinclair stake by 12.7% in the second quarter, bringing its holdings to 309,993 shares valued at approximately $21.6 million. Institutional investors collectively own 88.29% of the company.
• Analyst sentiment is generally positive, with HF Sinclair receiving a “Moderate Buy” consensus rating and an average price target of $87.25, although the stock recently traded near its 52-week high at $108.10.
• HF Sinclair exceeded quarterly earnings and revenue expectations, reporting $5.31 in EPS and $10.39 billion in revenue, while increasing its quarterly dividend to $0.525 per share.

Amundi increased its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 12.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 309,993 shares of the company's stock after purchasing an additional 35,049 shares during the quarter. Amundi owned 0.17% of HF Sinclair worth $21,591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of DINO. Clearstead Trust LLC acquired a new stake in HF Sinclair during the second quarter valued at approximately $33,000. REAP Financial Group LLC bought a new position in shares of HF Sinclair in the fourth quarter worth $29,000. Fairway Wealth LLC bought a new position in HF Sinclair in the 1st quarter valued at about $41,000. Nalls Sherbakoff Group LLC acquired a new position in shares of HF Sinclair during the fourth quarter valued at approximately $36,000. Finally, Main Street Group LTD bought a new stake in HF Sinclair during the first quarter worth approximately $54,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DINO shares. Weiss Ratings upgraded HF Sinclair from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. TD Cowen lifted their target price on HF Sinclair from $79.00 to $98.00 and gave the stock a "hold" rating in a report on Tuesday, July 21st. Zacks Research upgraded shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. UBS Group upped their price target on shares of HF Sinclair from $105.00 to $126.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Barclays raised their price objective on shares of HF Sinclair from $81.00 to $86.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $87.25.

HF Sinclair Stock Performance

NYSE DINO opened at $108.10 on Friday. The company's fifty day moving average is $91.96 and its two-hundred day moving average is $73.60. HF Sinclair Corporation has a 52-week low of $45.71 and a 52-week high of $112.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The firm has a market capitalization of $19.22 billion, a price-to-earnings ratio of 10.31 and a beta of 0.71.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts' consensus estimates of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same period in the prior year, the company earned $1.10 EPS. HF Sinclair's revenue for the quarter was up 53.2% on a year-over-year basis. Equities research analysts forecast that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, August 11th. This is a positive change from HF Sinclair's previous quarterly dividend of $0.50. HF Sinclair's payout ratio is presently 20.04%.

Insider Transactions at HF Sinclair

In other news, Director Rhoman Hardy acquired 1,508 shares of the stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the transaction, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of the firm's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares of the company's stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.26% of the company's stock.

About HF Sinclair

HF Sinclair Corporation is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into transportation fuels, including gasoline, diesel and jet fuel, as well as asphalt, base oils and other specialty products.

Through its marketing operations, HF Sinclair supplies fuel and related products to commercial customers, wholesale distributors and retail locations under brands that include Sinclair, HollyFrontier and various regional fuel brands.

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