HF Sinclair Corporation $DINO Stock Holdings Lowered by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings reduced its HF Sinclair position by 25.6% in the third quarter, selling 16,584 shares and retaining 48,170 shares valued at approximately $5.17 million. Institutional investors and hedge funds collectively own 88.29% of DINO.
• HF Sinclair reported quarterly earnings of $5.31 per share, beating 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 per share, implying a 1.7% yield.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $107.50, despite mixed recommendations and shares trading at $121.54.

Crossmark Global Holdings Inc. trimmed its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 25.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,170 shares of the company's stock after selling 16,584 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in HF Sinclair were worth $5,170,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DINO. Quadrant Capital Group LLC increased its position in HF Sinclair by 2.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 25,167 shares of the company's stock worth $2,701,000 after purchasing an additional 482 shares in the last quarter. Capstone Capital Management Ltd acquired a new stake in HF Sinclair in the third quarter valued at approximately $442,000. Range Financial Group LLC boosted its position in HF Sinclair by 0.9% in the third quarter. Range Financial Group LLC now owns 44,757 shares of the company's stock valued at $4,803,000 after buying an additional 399 shares in the last quarter. Pinnacle Associates Ltd. bought a new stake in shares of HF Sinclair during the third quarter worth $497,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of HF Sinclair by 0.8% during the third quarter. Nisa Investment Advisors LLC now owns 143,067 shares of the company's stock worth $15,354,000 after buying an additional 1,088 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Trading Down 0.6%

Shares of HF Sinclair stock opened at $121.54 on Friday. 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 Corporation has a 52 week low of $45.71 and a 52 week high of $129.37. The stock has a 50 day moving average price of $110.00 and a two-hundred day moving average price of $85.95. The stock has a market capitalization of $21.61 billion, a PE ratio of 12.69 and a beta of 0.72.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share 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 company 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 firm earned $1.10 earnings per share. HF Sinclair's revenue for the quarter was up 53.2% on a year-over-year basis. As a group, equities analysts anticipate that HF Sinclair Corporation will post 18.65 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were given a dividend of $0.5250 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. HF Sinclair's payout ratio is presently 20.04%.

Insider Activity at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction 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 approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on DINO shares. Freedom Capital cut shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Morgan Stanley upped their price target on HF Sinclair from $78.00 to $127.00 and gave the company an "overweight" rating in a research report on Monday, September 14th. The Goldman Sachs Group increased their price target on HF Sinclair from $114.00 to $142.00 and gave the company a "buy" rating in a research note on Friday, October 9th. Raymond James Financial lifted their price objective on HF Sinclair from $105.00 to $140.00 and gave the stock a "strong-buy" rating in a research note on Monday, September 14th. Finally, TD Cowen upped their target price on HF Sinclair from $100.00 to $110.00 and gave the company a "hold" rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $107.50.

HF Sinclair Profile

HF Sinclair Corporation NYSE: DINO is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.

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