HF Sinclair Corporation (NYSE:DINO) Stock Position Lowered by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in HF Sinclair Corporation by 20.9%, selling 42,572 shares during the first quarter, leaving it with 161,314 shares valued at approximately $5.3 million.
• HF Sinclair reported a loss of $0.27 per share for the latest quarter, beating expectations, although its revenue fell 9.3% year-over-year to $6.37 billion.
• The company announced a quarterly dividend of $0.50, representing a yield of 4.63%, despite a negative payout ratio of -259.74%.

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in HF Sinclair Corporation (NYSE:DINO - Free Report) by 20.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 161,314 shares of the company's stock after selling 42,572 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of HF Sinclair worth $5,304,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DINO. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of HF Sinclair during the fourth quarter worth $31,000. Byrne Asset Management LLC purchased a new position in HF Sinclair in the first quarter valued at $35,000. Allworth Financial LP increased its holdings 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 buying an additional 1,130 shares during the last quarter. UMB Bank n.a. increased its holdings in HF Sinclair by 2,202.9% in 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 last quarter. Finally, TD Waterhouse Canada Inc. increased its holdings in HF Sinclair by 98.6% in 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 last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DINO has been the topic of several recent analyst reports. TD Cowen increased their target price on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a report on Friday, May 2nd. Wolfe Research lowered HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and increased their target price for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Wells Fargo & Company upped their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 11th. Finally, Morgan Stanley upped their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $48.27.

HF Sinclair Stock Up 0.5%

Shares of DINO traded up $0.20 during midday trading on Thursday, hitting $43.63. The company had a trading volume of 990,006 shares, compared to its average volume of 2,958,792. The company's 50 day moving average price is $41.03 and its 200 day moving average price is $36.12. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of -56.96 and a beta of 0.93. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $52.88. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29.

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

HF Sinclair Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's payout ratio is -259.74%.

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.