Bank of America Corp DE Reduces Stock Holdings in HF Sinclair Corporation $DINO

Bank of America Corp DE lowered its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 14.4% during the 1st quarter, HoldingsChannel.com reports. The firm owned 1,378,546 shares of the company’s stock after selling 232,356 shares during the quarter. Bank of America Corp DE’s holdings in HF Sinclair were worth $86,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DINO. Bull Harbor Capital LLC bought a new stake in HF Sinclair in the first quarter worth $580,000. South Dakota Investment Council boosted its stake in HF Sinclair by 94.9% during the first quarter. South Dakota Investment Council now owns 28,621 shares of the company’s stock worth $1,786,000 after buying an additional 13,935 shares during the period. EverSource Wealth Advisors LLC increased its position in HF Sinclair by 19.9% during the first quarter. EverSource Wealth Advisors LLC now owns 8,335 shares of the company’s stock valued at $520,000 after acquiring an additional 1,381 shares during the last quarter. California State Teachers Retirement System increased its position in HF Sinclair by 22.9% during the first quarter. California State Teachers Retirement System now owns 185,360 shares of the company’s stock valued at $11,565,000 after acquiring an additional 34,564 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of HF Sinclair by 88.6% in the first quarter. Empowered Funds LLC now owns 202,057 shares of the company’s stock valued at $12,606,000 after acquiring an additional 94,908 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO stock opened at $81.46 on Friday. HF Sinclair Corporation has a twelve month low of $42.82 and a twelve month high of $94.22. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The stock has a fifty day simple moving average of $77.39 and a two-hundred day simple moving average of $65.73. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 7.77 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 earnings per share. On average, analysts predict that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be given a dividend of $0.525 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.6%. HF Sinclair’s payout ratio is 19.08%.

Analysts Set New Price Targets

Several research firms have recently issued reports on DINO. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Mizuho increased their price objective on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday. UBS Group raised their price objective on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Scotiabank boosted their target price on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, TD Cowen upped their target price on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and an average target price of $81.25.

Insiders Place Their Bets

In other news, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the sale, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 22,672 shares of company stock worth $1,710,500. 0.26% of the stock is owned by corporate insiders.

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.