Truist Financial Corp Boosts Stake in HF Sinclair Corporation $DINO

Truist Financial Corp grew its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 515.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,701 shares of the company’s stock after buying an additional 39,956 shares during the quarter. Truist Financial Corp’s holdings in HF Sinclair were worth $2,198,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Convergence Investment Partners LLC purchased a new stake in shares of HF Sinclair in the third quarter worth about $1,408,000. Citigroup Inc. boosted its position in shares of HF Sinclair by 41.4% in the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock worth $23,298,000 after buying an additional 130,338 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of HF Sinclair by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after buying an additional 560,194 shares during the period. Pacific Heights Asset Management LLC boosted its position in shares of HF Sinclair by 16.7% in the third quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the company’s stock worth $18,319,000 after buying an additional 50,000 shares during the period. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of HF Sinclair by 498.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 51,094 shares of the company’s stock valued at $2,674,000 after purchasing an additional 42,552 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DINO. Wells Fargo & Company upped their target price on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $81.00 price target on shares of HF Sinclair in a report on Wednesday, May 6th. TD Cowen increased their price target on HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a report on Monday, May 4th. Barclays increased their price objective on shares of HF Sinclair from $61.00 to $71.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Finally, Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.91.

HF Sinclair Trading Down 2.8%

HF Sinclair stock opened at $69.35 on Thursday. The firm’s 50-day moving average is $61.06 and its 200-day moving average is $54.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. HF Sinclair Corporation has a 1 year low of $34.42 and a 1 year high of $74.72. The company has a market cap of $12.50 billion, a P/E ratio of 10.43 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.27) EPS. On average, equities analysts expect that HF Sinclair Corporation will post 8.62 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 11th will be given a $0.50 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.9%. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

HF Sinclair 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.