Sequoia Financial Advisors LLC Cuts Stock Position in HF Sinclair Corporation $DINO

Sequoia Financial Advisors LLC lowered its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 40.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,690 shares of the company’s stock after selling 5,903 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in HF Sinclair were worth $542,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock worth $30,899,000 after purchasing an additional 119,832 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of HF Sinclair by 71.7% during the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after acquiring an additional 8,102 shares during the last quarter. Amundi boosted its holdings in shares of HF Sinclair by 7.7% in the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after purchasing an additional 12,387 shares in the last quarter. Jump Financial LLC purchased a new stake in HF Sinclair in the second quarter worth approximately $209,000. Finally, Cerity Partners LLC grew its holdings in shares of HF Sinclair by 25.7% during the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after purchasing an additional 29,635 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Up 2.1%

DINO stock opened at $90.47 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. The company has a market cap of $16.31 billion, a price-to-earnings ratio of 13.60 and a beta of 0.72. The business’s 50-day moving average is $72.14 and its two-hundred day moving average is $61.94. HF Sinclair Corporation has a fifty-two week low of $42.16 and a fifty-two week high of $91.45.

HF Sinclair (NYSE:DINO) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.75. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.27) earnings per share. As a group, analysts forecast that HF Sinclair Corporation will post 10.27 earnings per share for the current year.

HF Sinclair Announces Dividend

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

Insiders Place Their Bets

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the transaction, the director directly owned 16,543 shares in the company, valued at $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Valerie Pompa sold 10,000 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $69.05, for a total transaction of $690,500.00. Following the completion of the transaction, the executive vice president directly owned 43,098 shares of the company’s stock, valued at $2,975,916.90. This represents a 18.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 13,736 shares of company stock valued at $954,694. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DINO. TD Cowen reduced their price target on HF Sinclair from $80.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, June 29th. Freedom Capital upgraded shares of HF Sinclair to a “hold” rating in a report on Friday, June 5th. Scotiabank boosted their target price on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Evercore began coverage on HF Sinclair in a research report on Friday. They set an “in-line” rating and a $85.00 price objective for the company. Finally, UBS Group increased their price objective on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and a consensus price target of $75.17.

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.