Redwood Investment Management LLC reduced its position in shares of HF Sinclair Corporation (NYSE:DINO – Free Report) by 38.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,979 shares of the company’s stock after selling 10,742 shares during the period. Redwood Investment Management LLC’s holdings in HF Sinclair were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Virtus Investment Advisers LLC raised its holdings in HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after buying an additional 195 shares during the last quarter. D.A. Davidson & CO. grew its holdings in HF Sinclair by 3.8% during the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after acquiring an additional 210 shares during the last quarter. Unison Advisors LLC increased its position in HF Sinclair by 0.9% in the 4th quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock valued at $1,074,000 after acquiring an additional 218 shares during the period. Parallel Advisors LLC increased its position in HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after acquiring an additional 221 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of HF Sinclair by 4.7% during the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after acquiring an additional 228 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.
Insider Activity at HF Sinclair
In related news, Director Rhoman J. Hardy bought 1,508 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost of $66.32 per share, with a total value of $100,010.56. Following the completion of the purchase, the director directly owned 15,037 shares in the company, valued at $997,253.84. The trade was a 11.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the sale, the chief financial officer owned 11,475 shares of the company’s stock, valued at $824,937.75. The trade was a 5.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 13,736 shares of company stock worth $954,694. Corporate insiders own 0.26% of the company’s stock.
Analyst Ratings Changes
View Our Latest Report on DINO
HF Sinclair Stock Down 0.2%
Shares of HF Sinclair stock opened at $91.25 on Monday. HF Sinclair Corporation has a one year low of $42.16 and a one year high of $94.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The stock’s 50-day moving average is $75.80 and its 200 day moving average is $64.61. The firm has a market cap of $16.22 billion, a price-to-earnings ratio of 8.71 and a beta of 0.70.
HF Sinclair (NYSE:DINO – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. The business had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm’s revenue was up 53.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. Equities research analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current year.
HF Sinclair Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is currently 19.08%.
HF Sinclair 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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