Swiss National Bank Sells 148,100 Shares of HF Sinclair Corporation $DINO

Key Points

• The Swiss National Bank reduced its stake in HF Sinclair Corporation by 32.3% in the first quarter, selling 148,100 shares and retaining approximately 310,000 shares valued at $10.2 million.
• Following its most recent earnings report, HF Sinclair surpassed EPS estimates with $1.70 but experienced a 13.5% decline in revenue year-over-year, totaling $6.78 billion against a consensus of $6.93 billion.
• The company declared a quarterly dividend of $0.50 per share, representing an annualized yield of 4.5%, with significant insider transactions indicating a 21.74% decrease in an executive's position.

Swiss National Bank cut its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 32.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 310,000 shares of the company's stock after selling 148,100 shares during the quarter. Swiss National Bank owned about 0.16% of HF Sinclair worth $10,193,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of HF Sinclair by 2.6% during the 4th quarter. Wells Fargo & Company MN now owns 246,732 shares of the company's stock valued at $8,648,000 after acquiring an additional 6,162 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of HF Sinclair by 24.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 119,704 shares of the company's stock valued at $4,196,000 after acquiring an additional 23,856 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of HF Sinclair by 80.9% during the 4th quarter. Renaissance Technologies LLC now owns 144,905 shares of the company's stock valued at $5,079,000 after acquiring an additional 64,800 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of HF Sinclair by 52.8% during the 4th quarter. Sterling Capital Management LLC now owns 9,435 shares of the company's stock valued at $331,000 after acquiring an additional 3,259 shares during the last quarter. Finally, Townsquare Capital LLC raised its position in shares of HF Sinclair by 109.9% during the 4th quarter. Townsquare Capital LLC now owns 10,348 shares of the company's stock valued at $363,000 after acquiring an additional 5,419 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Stock Down 1.2%

DINO traded down $0.5670 during trading on Thursday, hitting $46.0230. The company had a trading volume of 2,743,372 shares, compared to its average volume of 2,517,596. The company has a market capitalization of $8.61 billion, a PE ratio of -100.05 and a beta of 0.97. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $49.92. The firm's 50-day moving average price is $43.52 and its 200 day moving average price is $36.99. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.09 by $0.61. The business had revenue of $6.78 billion for the quarter, compared to analysts' expectations of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm's revenue was down 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. As a group, equities analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Thursday, August 21st. HF Sinclair's payout ratio is currently -434.78%.

Insider Buying and Selling

In related news, EVP Valerie Pompa sold 11,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the sale, the executive vice president directly owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. The trade was a 21.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company's stock.

Analyst Upgrades and Downgrades

DINO has been the subject of several recent research reports. TD Cowen upped their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research report on Friday, August 1st. Morgan Stanley upped their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Piper Sandler cut shares of HF Sinclair from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $53.00 to $51.00 in a research report on Tuesday, July 22nd. Scotiabank lifted their price target on shares of HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. Finally, Raymond James Financial raised 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 report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $49.91.

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.