HF Sinclair Corporation (NYSE:DINO) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 93.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,141 shares of the company's stock after selling 441,499 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in HF Sinclair were worth $991,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DINO. Dimensional Fund Advisors LP boosted its position in HF Sinclair by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock worth $240,026,000 after purchasing an additional 737,696 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after purchasing an additional 1,096,485 shares during the period. Southeastern Asset Management Inc. TN purchased a new stake in HF Sinclair during the fourth quarter worth $96,344,000. AQR Capital Management LLC boosted its holdings in HF Sinclair by 61.6% during the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock worth $82,536,000 after buying an additional 906,225 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its position in HF Sinclair by 645.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock valued at $64,525,000 after buying an additional 1,593,875 shares during the period. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Price Performance

NYSE DINO traded up $0.87 during mid-day trading on Friday, hitting $44.42. The stock had a trading volume of 706,077 shares, compared to its average volume of 2,948,766. The firm's 50 day moving average is $41.92 and its 200 day moving average is $36.40. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of -96.49 and a beta of 0.97. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $49.92.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. The business had revenue of $6.78 billion during 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 company's quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.78 earnings per share. Equities research analysts forecast that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is -434.78%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DINO shares. Mizuho upped their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the stock an "outperform" rating in a research report on Friday. UBS Group reaffirmed a "buy" rating and issued a $51.00 price target (up previously from $48.00) on shares of HF Sinclair in a report on Monday. Wells Fargo & Company increased their price target on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 11th. Scotiabank boosted their price objective on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. Finally, Morgan Stanley increased their target price on HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and an average price target of $49.91.

Insiders Place Their Bets

In other news, EVP Valerie Pompa sold 11,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The stock was 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 represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by company insiders.

HF Sinclair 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.