Corient Private Wealth LP Sells 15,771 Shares of HF Sinclair Corporation $DINO

Key Points

• Corient Private Wealth reduced its HF Sinclair stake by 54.2% in the second quarter, selling 15,771 shares and retaining 13,340 shares valued at approximately $929,000. Institutional investors collectively own 88.29% of DINO.
• Analyst sentiment remains moderately bullish, with a consensus “Moderate Buy” rating and a $94.25 price target, although ratings range from “Strong Buy” to “Strong Sell.” Morgan Stanley notably raised its target to $127.
• HF Sinclair reported quarterly EPS of $5.31, exceeding estimates of $4.49, while revenue rose 53.2% year over year to $10.39 billion. The company also increased its quarterly dividend to $0.525, implying a 2.0% annualized yield.

Corient Private Wealth LP lessened its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 54.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,340 shares of the company's stock after selling 15,771 shares during the quarter. Corient Private Wealth LP's holdings in HF Sinclair were worth $929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company's stock valued at $319,000 after acquiring an additional 228 shares during the period. Unison Advisors LLC increased its position in HF Sinclair by 1.0% during the first quarter. Unison Advisors LLC now owns 23,549 shares of the company's stock worth $1,469,000 after acquiring an additional 234 shares during the period. Versant Capital Management Inc raised its stake in HF Sinclair by 31.2% during the 2nd quarter. Versant Capital Management Inc now owns 985 shares of the company's stock valued at $69,000 after purchasing an additional 234 shares during the last quarter. Inspire Investing LLC boosted its holdings in HF Sinclair by 13.1% in the 1st quarter. Inspire Investing LLC now owns 2,395 shares of the company's stock valued at $149,000 after purchasing an additional 277 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its holdings in HF Sinclair by 5.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,794 shares of the company's stock valued at $404,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on DINO shares. Freedom Capital downgraded shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of HF Sinclair from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 4th. Zacks Research raised HF Sinclair from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Morgan Stanley lifted their target price on HF Sinclair from $78.00 to $127.00 and gave the stock an "overweight" rating in a research report on Monday, September 14th. Finally, Barclays boosted their price target on HF Sinclair from $81.00 to $86.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and a consensus price target of $94.25.

HF Sinclair Price Performance

DINO opened at $106.85 on Monday. HF Sinclair Corporation has a one year low of $45.71 and a one year high of $118.39. 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 company's 50 day simple moving average is $97.85 and its 200-day simple moving average is $77.78. The stock has a market capitalization of $19.00 billion, a P/E ratio of 10.20 and a beta of 0.71.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm's revenue for the quarter was up 53.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Sell-side analysts anticipate that HF Sinclair Corporation will post 17.51 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were paid a $0.5250 dividend. 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. This represents a $2.10 annualized dividend and a yield of 2.0%. HF Sinclair's payout ratio is currently 20.04%.

Insiders Place Their Bets

In other news, SVP Dale Kunneman sold 8,936 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares of the company's stock, valued at $3,599,809.38. This represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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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