Hsbc Holdings PLC Reduces Stock Position in HF Sinclair Co. (NYSE:DINO)

Hsbc Holdings PLC trimmed its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 5.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,736 shares of the company's stock after selling 21,476 shares during the quarter. Hsbc Holdings PLC owned about 0.19% of HF Sinclair worth $12,353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DINO. Sugar Maple Asset Management LLC acquired a new position in HF Sinclair during the fourth quarter worth $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of HF Sinclair during the 4th quarter valued at about $31,000. Lee Danner & Bass Inc. purchased a new stake in shares of HF Sinclair in the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC increased its position in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in HF Sinclair by 68.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock worth $48,000 after purchasing an additional 558 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares of the company's stock, valued at $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The acquisition 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.

HF Sinclair Trading Up 4.1 %

HF Sinclair stock traded up $1.24 during trading on Thursday, hitting $31.31. The company had a trading volume of 4,305,387 shares, compared to its average volume of 2,416,454. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.73. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company's 50 day simple moving average is $31.20 and its 200-day simple moving average is $36.05. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 38.19 and a beta of 1.00.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter last year, the firm earned $0.71 EPS. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair's dividend payout ratio is currently 243.90%.

Wall Street Analyst Weigh In

DINO has been the subject of a number of recent analyst reports. Scotiabank cut their price target on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Morgan Stanley reduced their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Mizuho reduced their price target on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research report on Friday, March 7th. Finally, Wells Fargo & Company lifted their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $44.50.

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.