Deutsche Bank AG Sells 320,831 Shares of HF Sinclair Corporation (NYSE:DINO)

Key Points

• Deutsche Bank AG reduced its holdings in HF Sinclair Corporation by 18.7%, now owning 1,395,526 shares valued at approximately $45.9 million.
• HF Sinclair posted $1.70 EPS for the last quarter, exceeding the consensus estimate by $0.61, despite a revenue decline of 13.5% year-over-year.
• The company announced a quarterly dividend of $0.50 per share, reflecting a 4.6% dividend yield, although its payout ratio is notably negative at -434.78%.

Deutsche Bank AG decreased its holdings in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 18.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,395,526 shares of the company's stock after selling 320,831 shares during the quarter. Deutsche Bank AG owned about 0.74% of HF Sinclair worth $45,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of DINO. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of HF Sinclair in the fourth quarter worth $31,000. Byrne Asset Management LLC bought a new position in HF Sinclair in the first quarter valued at $35,000. Allworth Financial LP increased its stake in HF Sinclair by 553.9% in the first quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after acquiring an additional 1,130 shares during the last quarter. UMB Bank n.a. boosted its position in HF Sinclair by 2,202.9% during the first 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. Finally, TD Waterhouse Canada Inc. boosted its position in HF Sinclair by 98.6% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock valued at $56,000 after buying an additional 796 shares during the period. Institutional investors own 88.29% of the company's stock.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the firm's stock in a transaction dated 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 in the company, valued at $1,683,805.23. This trade represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.34% of the stock is owned by company insiders.

Analyst Ratings Changes

DINO has been the subject of several analyst reports. Barclays upped their price target on shares of HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Raymond James Financial upgraded 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. UBS Group reiterated a "buy" rating and set a $51.00 target price (up from $48.00) on shares of HF Sinclair in a report on Monday, August 4th. Wells Fargo & Company increased their target price on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 11th. Finally, Morgan Stanley increased their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, HF Sinclair presently has an average rating of "Moderate Buy" and an average price target of $49.91.

HF Sinclair Stock Up 1.6%

DINO traded up $0.70 on Wednesday, hitting $45.03. The company had a trading volume of 2,103,237 shares, compared to its average volume of 2,508,309. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $49.92. The stock has a fifty day simple moving average of $42.56 and a 200-day simple moving average of $36.61. The firm has a market capitalization of $8.42 billion, a P/E ratio of -97.88 and a beta of 0.97.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping the consensus estimate 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 business had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the business posted $0.78 earnings per share. HF Sinclair's quarterly revenue was down 13.5% compared to the same quarter last year. As a group, equities analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be issued a $0.50 dividend. The ex-dividend date is Thursday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.4%. HF Sinclair's dividend payout ratio (DPR) is -434.78%.

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.