KBC Group NV Sells 246,011 Shares of HF Sinclair Corporation (NYSE:DINO)

KBC Group NV reduced its stake in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 97.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,677 shares of the company's stock after selling 246,011 shares during the quarter. KBC Group NV's holdings in HF Sinclair were worth $252,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in DINO. CWA Asset Management Group LLC purchased a new stake in shares of HF Sinclair in the 1st quarter worth about $421,000. Amundi grew its position in shares of HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after buying an additional 996,155 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of HF Sinclair by 72.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock worth $1,684,000 after buying an additional 21,597 shares during the period. Norges Bank purchased a new stake in shares of HF Sinclair in the 4th quarter worth about $41,317,000. Finally, Wellington Management Group LLP grew its position in shares of HF Sinclair by 457.7% in the 4th quarter. Wellington Management Group LLP now owns 50,482 shares of the company's stock worth $1,769,000 after buying an additional 41,430 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

DINO traded up $0.59 during midday trading on Friday, hitting $44.15. 1,433,565 shares of the company traded hands, compared to its average volume of 2,562,963. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $8.32 billion, a PE ratio of -57.34 and a beta of 0.93. The company's 50-day moving average is $37.26 and its 200 day moving average is $34.90. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $52.88.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.14. The business had revenue of $6.37 billion for the quarter, compared to analysts' expectations of $6.72 billion. HF Sinclair had a negative net margin of 0.51% and a positive return on equity of 0.05%. The business's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. On average, research analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.53%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's dividend payout ratio is currently -259.74%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barclays upped their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Piper Sandler reduced their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Scotiabank reduced their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Finally, Wells Fargo & Company upped their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $43.70.

HF Sinclair Company Profile

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.