HF Sinclair Corporation $DINO Stock Holdings Increased by Truist Financial Corp

Truist Financial Corp raised its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 515.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,701 shares of the company’s stock after acquiring an additional 39,956 shares during the period. Truist Financial Corp’s holdings in HF Sinclair were worth $2,198,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DINO. Goldman Sachs Group Inc. raised its stake in HF Sinclair by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after acquiring an additional 119,832 shares in the last quarter. Focus Partners Wealth raised its position in shares of HF Sinclair by 71.7% during the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after buying an additional 8,102 shares in the last quarter. Amundi raised its position in shares of HF Sinclair by 7.7% during the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after buying an additional 12,387 shares in the last quarter. Jump Financial LLC bought a new stake in shares of HF Sinclair during the 2nd quarter worth about $209,000. Finally, Cerity Partners LLC raised its position in shares of HF Sinclair by 25.7% during the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after buying an additional 29,635 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Down 2.8%

NYSE DINO opened at $69.35 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The company’s 50 day simple moving average is $61.06 and its 200 day simple moving average is $54.89. HF Sinclair Corporation has a 12 month low of $34.42 and a 12 month high of $74.72. The company has a market capitalization of $12.50 billion, a P/E ratio of 10.43 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The company had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.HF Sinclair’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.27) earnings per share. Equities research analysts expect that HF Sinclair Corporation will post 8.62 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. HF Sinclair’s payout ratio is currently 30.08%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. UBS Group boosted their price target on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Piper Sandler dropped their price target on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Weiss Ratings raised HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Raymond James Financial boosted their price objective on HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a research note on Wednesday, March 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.91.

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.