Caxton Associates LLP Reduces Stock Holdings in HF Sinclair Corporation $DINO

Caxton Associates LLP lowered its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 7.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 76,466 shares of the company’s stock after selling 5,916 shares during the quarter. Caxton Associates LLP’s holdings in HF Sinclair were worth $4,771,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Lido Advisors LLC bought a new position in HF Sinclair during the first quarter valued at $305,000. First Trust Advisors LP boosted its stake in shares of HF Sinclair by 161.5% during the 1st quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock worth $64,702,000 after purchasing an additional 640,455 shares during the period. Cadence Wealth Management LLC boosted its stake in shares of HF Sinclair by 38.1% during the 1st quarter. Cadence Wealth Management LLC now owns 26,274 shares of the company’s stock worth $1,639,000 after purchasing an additional 7,246 shares during the period. PNC Financial Services Group Inc. grew its holdings in HF Sinclair by 2.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 16,510 shares of the company’s stock valued at $1,030,000 after purchasing an additional 336 shares during the last quarter. Finally, Meeder Advisory Services Inc. grew its holdings in HF Sinclair by 6.7% during the 1st quarter. Meeder Advisory Services Inc. now owns 5,712 shares of the company’s stock valued at $356,000 after purchasing an additional 361 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DINO has been the subject of several analyst reports. Mizuho reissued a “neutral” rating and issued a $79.00 price objective (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. The Goldman Sachs Group increased their price target on HF Sinclair from $81.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday. Barclays upped their price objective on HF Sinclair from $71.00 to $81.00 and gave the company an “equal weight” rating in a research report on Monday, July 13th. Scotiabank lifted their target price on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Freedom Capital upgraded shares of HF Sinclair to a “hold” rating in a report on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $79.08.

HF Sinclair Stock Down 2.1%

NYSE:DINO opened at $89.00 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. HF Sinclair Corporation has a 1-year low of $42.16 and a 1-year high of $93.66. The company has a 50-day moving average of $73.39 and a 200 day moving average of $62.87. The firm has a market cap of $16.04 billion, a PE ratio of 13.38 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last posted its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the firm posted ($0.27) EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts anticipate that HF Sinclair Corporation will post 10.81 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. HF Sinclair’s payout ratio is 30.08%.

Insider Activity at HF Sinclair

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the sale, the senior vice president owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. This trade represents a 13.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total value of $51,545.13. Following the completion of the transaction, the chief financial officer owned 11,475 shares in the company, valued at $824,937.75. This represents a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,736 shares of company stock valued at $954,694 over the last 90 days. Insiders own 0.26% of the company’s stock.

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.