HF Sinclair Co. (NYSE:DINO) Shares Sold by True Wealth Design LLC

True Wealth Design LLC cut its stake in HF Sinclair Co. (NYSE:DINO) by 96.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 590 shares of the company’s stock after selling 14,130 shares during the period. True Wealth Design LLC’s holdings in HF Sinclair were worth $26,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DINO. Price T Rowe Associates Inc. MD grew its stake in shares of HF Sinclair by 10.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,115 shares of the company’s stock valued at $4,958,000 after buying an additional 7,881 shares during the period. Cetera Investment Advisers increased its stake in HF Sinclair by 42.6% during the first quarter. Cetera Investment Advisers now owns 31,049 shares of the company’s stock worth $1,874,000 after acquiring an additional 9,275 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of HF Sinclair in the 1st quarter worth about $1,146,000. DekaBank Deutsche Girozentrale grew its holdings in shares of HF Sinclair by 10.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 95,407 shares of the company’s stock worth $5,668,000 after purchasing an additional 9,416 shares during the period. Finally, DNB Asset Management AS increased its position in HF Sinclair by 10.3% during the 2nd quarter. DNB Asset Management AS now owns 30,543 shares of the company’s stock worth $1,629,000 after purchasing an additional 2,841 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

Shares of DINO opened at $41.59 on Tuesday. The firm has a market cap of $7.83 billion, a price-to-earnings ratio of 25.67 and a beta of 1.18. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $43.14 and its two-hundred day moving average is $47.73. HF Sinclair Co. has a 52-week low of $38.25 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm’s revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.06 EPS. Analysts forecast that HF Sinclair Co. will post 2.35 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.81%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s dividend payout ratio is currently 123.46%.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.28% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on DINO. Barclays reduced their price target on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Scotiabank lowered their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Mizuho reduced 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. UBS Group lowered their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. reduced their price target on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and an average price target of $54.27.

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.