HF Sinclair Corporation $DINO Shares Sold by Royal Bank of Canada

Key Points

• Royal Bank of Canada cut its HF Sinclair position by 33.1% in the first quarter, selling 46,451 shares and retaining 93,904 shares worth about $5.9 million. Institutional investors and hedge funds collectively own 88.29% of the stock.
• HF Sinclair reported strong quarterly results, with EPS of $5.31 beating estimates by $0.82 and revenue rising 53.2% year over year to $10.39 billion. Shares opened at $85.57, near their 52-week high of $94.22.
• The company raised its quarterly dividend from $0.50 to $0.525 per share, implying a $2.10 annual payout and a 2.5% yield. Analysts remain broadly neutral, with a consensus “Hold” rating and an average price target of $81.25.

Royal Bank of Canada lowered its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 33.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,904 shares of the company's stock after selling 46,451 shares during the period. Royal Bank of Canada owned approximately 0.05% of HF Sinclair worth $5,859,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in HF Sinclair by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company's stock worth $775,556,000 after buying an additional 446,867 shares during the period. Dimensional Fund Advisors LP boosted its position in HF Sinclair by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company's stock valued at $577,114,000 after buying an additional 103,135 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in HF Sinclair by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company's stock valued at $293,260,000 after buying an additional 48,103 shares during the last quarter. State Street Corp boosted its position in HF Sinclair by 0.4% in the 4th quarter. State Street Corp now owns 6,142,078 shares of the company's stock valued at $283,027,000 after buying an additional 22,150 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of HF Sinclair by 13.7% during the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company's stock valued at $200,880,000 after acquiring an additional 523,709 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Up 0.4%

Shares of NYSE:DINO opened at $85.57 on Wednesday. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 8.17 and a beta of 0.70. HF Sinclair Corporation has a 1-year low of $43.32 and a 1-year high of $94.22. The company's fifty day moving average is $77.92 and its two-hundred day moving average is $66.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97.

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

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be issued a $0.525 dividend. This is a positive change from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.5%. HF Sinclair's dividend payout ratio (DPR) is 19.08%.

Insiders Place Their Bets

In related news, SVP Matthew Joyce sold 2,384 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the transaction, the senior vice president owned 14,797 shares in the company, valued at $1,031,794.81. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the company's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares of the company's stock, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 22,672 shares of company stock worth $1,710,500. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Raymond James Financial set a $105.00 target price on HF Sinclair in a research report on Wednesday, July 29th. UBS Group increased their price target on HF Sinclair from $65.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, May 5th. The Goldman Sachs Group restated a "buy" rating and set a $114.00 price objective on shares of HF Sinclair in a research note on Wednesday, July 29th. TD Cowen lifted their price objective on HF Sinclair from $79.00 to $98.00 and gave the stock a "hold" rating in a report on Tuesday, July 21st. Finally, Freedom Capital lowered HF Sinclair from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $81.25.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.

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