Truist Financial Corp Has $323,000 Position in HF Sinclair Co. (NYSE:DINO)

Truist Financial Corp lessened its position in HF Sinclair Co. (NYSE:DINO) by 17.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,224 shares of the company’s stock after selling 1,919 shares during the period. Truist Financial Corp’s holdings in HF Sinclair were worth $323,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in HF Sinclair in the third quarter valued at about $27,000. Sugar Maple Asset Management LLC bought a new position in shares of HF Sinclair in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after acquiring an additional 558 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in HF Sinclair during the 3rd quarter worth approximately $50,000. Finally, Coastline Trust Co acquired a new stake in HF Sinclair during the 3rd quarter valued at $55,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.9 %

Shares of NYSE DINO opened at $31.16 on Thursday. HF Sinclair Co. has a fifty-two week low of $29.85 and a fifty-two week high of $64.16. The firm has a market capitalization of $5.87 billion, a P/E ratio of 37.99 and a beta of 1.22. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The company’s 50 day simple moving average is $35.94 and its 200 day simple moving average is $40.53.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. On average, analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 6.42%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insiders Place Their Bets

In other news, CFO Atanas H. Atanasov bought 5,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the acquisition, the chief financial officer now owns 78,927 shares in the company, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have purchased 17,635 shares of company stock worth $632,860. Insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of recent analyst reports. TD Cowen reduced their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Barclays reduced their price target on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Mizuho reduced their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. decreased their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, HF Sinclair has an average rating of “Hold” and an average price target of $51.00.

About HF Sinclair

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.