UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $26 Million Position in HF Sinclair Corporation $DINO

Key Points

• UBS Asset Management reduced its HF Sinclair stake by 3.7% in the second quarter, selling 14,405 shares and retaining 373,312 shares valued at approximately $26 million. Institutional investors collectively own 88.29% of DINO.
• HF Sinclair reported strong quarterly results, with EPS of $5.31 versus the $4.49 consensus estimate and revenue of $10.39 billion, up 53.2% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $83.42, while the company increased its quarterly dividend to $0.525 per share, or $2.10 annualized.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 373,312 shares of the company's stock after selling 14,405 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of HF Sinclair worth $26,001,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of HF Sinclair during the 2nd quarter worth approximately $1,291,602,000. Bank of New York Mellon Corp bought a new position in HF Sinclair during the second quarter worth $140,654,000. NFJ Investment Group LLC grew its holdings in HF Sinclair by 1,275.3% in the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company's stock worth $86,333,000 after purchasing an additional 1,737,318 shares during the period. Bank of America Corp DE acquired a new stake in HF Sinclair in the second quarter worth $89,846,000. Finally, Invesco Ltd. increased its stake in HF Sinclair by 104.3% in the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company's stock valued at $101,910,000 after purchasing an additional 994,090 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Insiders Place Their Bets

In related news, Director Rhoman J. Hardy acquired 1,508 shares of the firm's stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the transaction, the director owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were 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 in the company, valued at $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.26% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DINO has been the topic of a number of research analyst reports. Wall Street Zen raised shares of HF Sinclair from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Weiss Ratings raised HF Sinclair from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 4th. Evercore started coverage on HF Sinclair in a report on Friday, July 17th. They issued an "in-line" rating and a $85.00 price target on the stock. Barclays raised their price objective on HF Sinclair from $81.00 to $86.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Finally, Freedom Capital downgraded HF Sinclair from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $83.42.

HF Sinclair Price Performance

DINO stock opened at $106.13 on Friday. The company has a market capitalization of $18.87 billion, a P/E ratio of 10.13 and a beta of 0.71. 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 $108.25. The business has a 50-day simple moving average of $87.61 and a two-hundred day simple moving average of $71.48.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The company's quarterly revenue was up 53.2% compared to the same quarter last year. Research analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. HF Sinclair's payout ratio is currently 20.04%.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.

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