HF Sinclair Co. (NYSE:DINO) Position Reduced by Thrivent Financial for Lutherans

Posted by Defense World Staff on May 14th, 2023

Thrivent Financial for Lutherans cut its position in shares of HF Sinclair Co. (NYSE:DINO – Get Rating) by 43.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,734 shares of the company’s stock after selling 81,164 shares during the quarter. Thrivent Financial for Lutherans owned 0.05% of HF Sinclair worth $5,487,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bornite Capital Management LP acquired a new position in shares of HF Sinclair in the 1st quarter valued at about $13,947,000. Advisor Group Holdings Inc. acquired a new position in shares of HF Sinclair in the 1st quarter valued at about $241,000. JPMorgan Chase & Co. acquired a new position in shares of HF Sinclair in the 1st quarter valued at about $13,169,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of HF Sinclair in the 1st quarter valued at about $1,823,000. Finally, US Bancorp DE acquired a new position in shares of HF Sinclair in the 1st quarter valued at about $292,000. 87.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at HF Sinclair

In other news, CEO Michael Jennings sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total value of $2,553,000.00. Following the sale, the chief executive officer now owns 182,859 shares in the company, valued at $9,336,780.54. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other HF Sinclair news, major shareholder Carol Orme Holding sold 4,000,000 shares of HF Sinclair stock in a transaction on Thursday, March 30th. The shares were sold at an average price of $47.59, for a total transaction of $190,360,000.00. Following the sale, the insider now owns 34,853,483 shares in the company, valued at $1,658,677,255.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Jennings sold 50,000 shares of HF Sinclair stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the sale, the chief executive officer now owns 182,859 shares in the company, valued at approximately $9,336,780.54. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by corporate insiders.

HF Sinclair Trading Down 0.1 %

NYSE:DINO opened at $40.05 on Friday. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $66.19. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 2.75, a P/E/G ratio of 2.40 and a beta of 1.42. The company has a quick ratio of 1.09, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $45.81 and its 200-day moving average is $52.17.

HF Sinclair (NYSE:DINO – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.52. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $6.97 billion. HF Sinclair had a net margin of 8.13% and a return on equity of 32.69%. HF Sinclair’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the company posted $0.99 earnings per share. Equities analysts anticipate that HF Sinclair Co. will post 8.45 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $1.80 annualized dividend and a dividend yield of 4.49%. HF Sinclair’s payout ratio is 12.34%.

Analysts Set New Price Targets

A number of research firms recently commented on DINO. JPMorgan Chase & Co. increased their price objective on HF Sinclair from $55.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, March 28th. TD Cowen dropped their price objective on HF Sinclair from $50.00 to $44.00 and set a “market perform” rating on the stock in a report on Friday, May 5th. UBS Group began coverage on HF Sinclair in a report on Wednesday, March 8th. They issued a “neutral” rating and a $58.00 price objective on the stock. Finally, Wells Fargo & Company upgraded HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 price objective on the stock in a report on Thursday, March 16th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.67.

About HF Sinclair

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HF Sinclair Corp. is an independent energy company. It manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt. The company operates through five segments: Refining, Marketing, Renewables, Lubricants and Specialty Products, and Midstream.