Hancock Whitney Corp Reduces Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Hancock Whitney Corp cut its holdings in HF Sinclair Co. (NYSE:DINO) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,673 shares of the company’s stock after selling 1,077 shares during the period. Hancock Whitney Corp’s holdings in HF Sinclair were worth $623,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DINO. Rise Advisors LLC acquired a new position in shares of HF Sinclair in the first quarter worth $26,000. Principal Securities Inc. acquired a new position in HF Sinclair in the 4th quarter valued at about $30,000. Riverview Trust Co purchased a new position in HF Sinclair in the 1st quarter valued at about $31,000. Innealta Capital LLC acquired a new stake in shares of HF Sinclair during the 2nd quarter worth about $34,000. Finally, Pingora Partners LLC purchased a new stake in shares of HF Sinclair during the fourth quarter worth about $35,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DINO has been the topic of a number of analyst reports. Barclays raised their target price on shares of HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Mizuho lowered their price objective on HF Sinclair from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Morgan Stanley reduced their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Piper Sandler dropped their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Wells Fargo & Company decreased their target price on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and a consensus price target of $59.73.

HF Sinclair Stock Down 1.1 %

Shares of HF Sinclair stock opened at $45.74 on Tuesday. HF Sinclair Co. has a twelve month low of $44.07 and a twelve month high of $64.16. The stock has a market cap of $8.79 billion, a price-to-earnings ratio of 5.66 and a beta of 1.18. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average price of $47.53 and a 200 day moving average price of $53.05.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period last year, the firm earned $2.60 earnings per share. The company’s revenue was up .2% on a year-over-year basis. Equities research analysts forecast that HF Sinclair Co. will post 3.69 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

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.