Allspring Global Investments Holdings LLC Has $1.31 Million Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Allspring Global Investments Holdings LLC decreased its position in HF Sinclair Co. (NYSE:DINO) by 15.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,554 shares of the company’s stock after selling 4,360 shares during the period. Allspring Global Investments Holdings LLC’s holdings in HF Sinclair were worth $1,310,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DINO. Vanguard Group Inc. lifted its position in HF Sinclair by 3.8% in the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after purchasing an additional 696,031 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of HF Sinclair by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock worth $297,027,000 after acquiring an additional 98,477 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of HF Sinclair by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,455,962 shares of the company’s stock worth $80,908,000 after acquiring an additional 17,934 shares during the period. Norges Bank acquired a new stake in shares of HF Sinclair during the 4th quarter valued at about $65,774,000. Finally, Charles Schwab Investment Management Inc. increased its stake in HF Sinclair by 8.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,107,150 shares of the company’s stock valued at $61,524,000 after acquiring an additional 86,050 shares during the period. Institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

DINO has been the subject of a number of analyst reports. Argus upgraded shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Wolfe Research assumed coverage on HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company dropped their price objective on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday. Mizuho reduced their target price on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. Finally, Piper Sandler dropped their target price on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

HF Sinclair Stock Down 3.5 %

NYSE:DINO opened at $47.41 on Wednesday. The stock’s fifty day moving average price is $48.96 and its two-hundred day moving average price is $54.17. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 5.87 and a beta of 1.19. HF Sinclair Co. has a 52-week low of $44.09 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The business had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $2.60 earnings per share. On average, analysts anticipate that HF Sinclair Co. will post 3.69 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

About HF Sinclair

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.