HF Sinclair Corporation $DINO Shares Sold by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stake in HF Sinclair Corporation by 39.5%, selling 6,772 shares and now owning 10,372 shares valued at approximately $341,000.
• Analysts have been optimistic about HF Sinclair, with several increasing their price targets; Mizuho raised their target from $50 to $52, while Wells Fargo increased theirs from $34 to $38.
• HF Sinclair announced a quarterly dividend of $0.50 per share, providing a yield of 3.9%, despite a high payout ratio of -434.78%.

B. Metzler seel. Sohn & Co. AG lessened its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 39.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,372 shares of the company's stock after selling 6,772 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in HF Sinclair were worth $341,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DINO. Byrne Asset Management LLC acquired a new stake in HF Sinclair in the 1st quarter valued at approximately $35,000. Allworth Financial LP boosted its position in HF Sinclair by 553.9% in the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after buying an additional 1,130 shares during the period. UMB Bank n.a. boosted its position in HF Sinclair by 2,202.9% in the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company's stock valued at $51,000 after buying an additional 1,498 shares during the period. Harbour Investments Inc. boosted its position in HF Sinclair by 15.0% in the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock valued at $78,000 after buying an additional 310 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in HF Sinclair by 1,265.8% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company's stock valued at $84,000 after buying an additional 2,367 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Stock Performance

DINO traded down $0.54 on Wednesday, reaching $51.55. The company had a trading volume of 1,930,828 shares, compared to its average volume of 2,117,696. HF Sinclair Corporation has a 1 year low of $24.66 and a 1 year high of $52.86. The stock has a market capitalization of $9.64 billion, a PE ratio of -112.05 and a beta of 1.07. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average price of $45.19 and a 200-day moving average price of $37.80.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm had revenue of $6.78 billion during the quarter, compared to analysts' expectations of $6.93 billion. During the same period in the previous year, the company earned $0.78 earnings per share. HF Sinclair's quarterly revenue was down 13.5% compared to the same quarter last year. As a group, research analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.9%. HF Sinclair's payout ratio is -434.78%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company raised their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 11th. UBS Group raised their price target on shares of HF Sinclair from $51.00 to $58.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Raymond James Financial raised shares of HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price target for the company in a research report on Tuesday, July 15th. Finally, Barclays lifted their price objective on shares of HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $50.55.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 11,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the sale, the executive vice president directly owned 39,591 shares of the company's stock, valued at $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by company insiders.

HF Sinclair Company 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.