Truist Financial Corp Has $781,000 Stake in HF Sinclair Co. (NYSE:DINO)

Truist Financial Corp cut its stake in shares of HF Sinclair Co. (NYSE:DINO) by 65.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,634 shares of the company’s stock after selling 28,042 shares during the quarter. Truist Financial Corp’s holdings in HF Sinclair were worth $781,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Quarry LP bought a new stake in HF Sinclair in the fourth quarter valued at approximately $39,000. V Square Quantitative Management LLC raised its stake in HF Sinclair by 66.1% during the fourth quarter. V Square Quantitative Management LLC now owns 1,621 shares of the company’s stock worth $90,000 after buying an additional 645 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in HF Sinclair by 5.7% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 49,888 shares of the company’s stock worth $2,772,000 after buying an additional 2,700 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in HF Sinclair in the fourth quarter valued at $286,000. Finally, American International Group Inc. boosted its position in HF Sinclair by 3.2% during the fourth quarter. American International Group Inc. now owns 211,372 shares of the company’s stock valued at $11,746,000 after acquiring an additional 6,485 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Down 1.4 %

Shares of NYSE DINO opened at $45.24 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. The company has a 50-day moving average price of $46.44 and a 200-day moving average price of $51.58. The stock has a market capitalization of $8.69 billion, a P/E ratio of 5.60 and a beta of 1.16. HF Sinclair Co. has a 1 year low of $43.88 and a 1 year high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.60 EPS. On average, equities research analysts forecast that HF Sinclair Co. will post 2.65 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s payout ratio is currently 24.75%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DINO shares. Mizuho dropped their price objective on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Scotiabank dropped their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Barclays reduced their price objective on shares of HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Piper Sandler dropped their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Finally, Wolfe Research initiated coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.82.

HF Sinclair Profile

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.