HF Sinclair Corporation $DINO Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC trimmed its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 89.3% in the first quarter, Holdings Channel reports. The institutional investor owned 152,142 shares of the company’s stock after selling 1,266,305 shares during the period. Renaissance Technologies LLC’s holdings in HF Sinclair were worth $9,492,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DINO. Virtus Investment Advisers LLC boosted its holdings in HF Sinclair by 5.9% in the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after purchasing an additional 195 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of 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 buying an additional 210 shares during the last quarter. Unison Advisors LLC boosted its holdings in shares of 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 buying an additional 218 shares in the last quarter. Parallel Advisors LLC grew its position in shares of 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 buying an additional 221 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of HF Sinclair by 4.7% in the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after buying an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Down 0.2%

Shares of NYSE:DINO opened at $91.25 on Monday. HF Sinclair Corporation has a 1-year low of $42.16 and a 1-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 has a market cap of $16.22 billion, a P/E ratio of 8.71 and a beta of 0.70. The firm has a fifty day moving average price of $75.80 and a 200 day moving average price of $64.61.

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

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 annualized dividend and a yield of 2.3%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is currently 19.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. TD Cowen lifted their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Zacks Research lowered HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Mizuho reaffirmed a “neutral” rating and set a $79.00 price objective (up from $67.00) on shares of HF Sinclair in a report on Wednesday, May 27th. UBS Group lifted their target price on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Scotiabank boosted their target price on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $80.75.

Insider Activity

In other HF Sinclair news, CFO Vivek Garg sold 717 shares of the stock in a transaction that occurred 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 directly owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction that occurred on 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 transaction, the senior vice president owned 14,797 shares in the company, valued at $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,736 shares of company stock worth $954,694 over the last quarter. 0.26% of the stock is owned by insiders.

About HF Sinclair

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.