HF Sinclair Co. (NYSE:DINO) Stock Holdings Trimmed by Axa S.A.

Axa S.A. lowered its position in shares of HF Sinclair Co. (NYSE:DINO) by 79.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,040 shares of the company’s stock after selling 37,995 shares during the quarter. Axa S.A.’s holdings in HF Sinclair were worth $536,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in shares of HF Sinclair during the 1st quarter valued at approximately $26,000. Riverview Trust Co acquired a new stake in shares of HF Sinclair during the first quarter worth $31,000. Innealta Capital LLC bought a new position in shares of HF Sinclair in the 2nd quarter worth about $34,000. Quarry LP acquired a new position in shares of HF Sinclair in the 4th quarter valued at about $39,000. Finally, Bessemer Group Inc. grew its position in shares of HF Sinclair by 201.0% during the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock valued at $71,000 after buying an additional 782 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $44.23 on Wednesday. The firm has a market capitalization of $8.50 billion, a PE ratio of 5.47 and a beta of 1.18. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $47.08 and a 200 day moving average price of $52.51. HF Sinclair Co. has a 52-week low of $43.88 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same period last year, the firm posted $2.60 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that HF Sinclair Co. will post 2.84 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.52%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DINO shares. Argus raised shares of HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Morgan Stanley cut their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Barclays increased their target price on HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Wells Fargo & Company reduced their price target on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Finally, Wolfe Research initiated coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

HF Sinclair Company 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.