Amundi Sells 1,587,182 Shares of HF Sinclair Corporation $DINO

Key Points

• Amundi reduced its stake in HF Sinclair Corporation by 90.7% in the first quarter, selling over 1.5 million shares and now holding approximately 0.09% of the company, valued at $5.32 million.
• HF Sinclair's stock recently opened at $51.17, marking a 2.4% decrease, with a market cap of $9.57 billion and a 12-month trading range between $24.66 and $53.14.
• The company announced a quarterly dividend of $0.50, yielding 3.9%, with a dividend payout ratio currently at -434.78%.

Amundi reduced its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 90.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 161,812 shares of the company's stock after selling 1,587,182 shares during the period. Amundi owned approximately 0.09% of HF Sinclair worth $5,320,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Southeastern Asset Management Inc. TN bought a new stake in shares of HF Sinclair in the fourth quarter valued at about $96,344,000. Price T Rowe Associates Inc. MD increased its stake in HF Sinclair by 1,633.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company's stock valued at $55,730,000 after acquiring an additional 1,597,152 shares during the period. Dimensional Fund Advisors LP raised its holdings in HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock valued at $269,142,000 after acquiring an additional 1,337,093 shares in the last quarter. Nuveen LLC acquired a new position in HF Sinclair in the 1st quarter valued at approximately $25,051,000. Finally, Voloridge Investment Management LLC lifted its position in shares of HF Sinclair by 104.8% in the 4th quarter. Voloridge Investment Management LLC now owns 1,232,387 shares of the company's stock worth $43,195,000 after acquiring an additional 630,538 shares during the period. 88.29% of the stock is owned by institutional investors.

Insider Activity at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction dated Friday, August 1st. The stock was 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 in the company, valued at $1,683,805.23. This represents 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 through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

HF Sinclair Trading Up 2.0%

HF Sinclair stock traded up $1.02 during mid-day trading on Tuesday, hitting $52.66. The stock had a trading volume of 2,889,302 shares, compared to its average volume of 2,328,478. The stock has a 50-day simple moving average of $46.73 and a two-hundred day simple moving average of $38.75. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $9.85 billion, a PE ratio of -114.48 and a beta of 1.07. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $53.33.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $6.93 billion. During the same period last year, the firm earned $0.78 earnings per share. The business's revenue for the quarter was down 13.5% on a year-over-year basis. As a group, sell-side analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. HF Sinclair's payout ratio is -434.78%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wolfe Research cut shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. Morgan Stanley boosted their price objective on HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Scotiabank increased their target price on HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a report on Friday, July 11th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of HF Sinclair in a report on Tuesday, September 9th. Finally, TD Cowen upped their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.55.

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.