HF Sinclair Co. (NYSE:DINO) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its position in HF Sinclair Co. (NYSE:DINO) by 67.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,724 shares of the company’s stock after selling 39,535 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in HF Sinclair were worth $835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cetera Advisors LLC purchased a new position in HF Sinclair during the 1st quarter valued at about $1,146,000. Oppenheimer & Co. Inc. boosted its stake in shares of HF Sinclair by 99.4% in the first quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock valued at $2,287,000 after purchasing an additional 18,886 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of HF Sinclair in the first quarter valued at approximately $3,891,000. Bayesian Capital Management LP purchased a new stake in HF Sinclair during the 1st quarter worth approximately $785,000. Finally, Neo Ivy Capital Management acquired a new stake in HF Sinclair during the 2nd quarter worth approximately $806,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $42.31 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a fifty day moving average price of $44.65 and a 200 day moving average price of $49.48. HF Sinclair Co. has a 1-year low of $38.25 and a 1-year high of $64.16. The company has a market cap of $7.96 billion, a PE ratio of 26.12 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter last year, the company earned $4.06 earnings per share. Sell-side analysts forecast that HF Sinclair Co. will post 2.34 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Analysts Set New Price Targets

Several equities analysts have commented on DINO shares. BMO Capital Markets dropped their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Wells Fargo & Company decreased their target price on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Barclays decreased their target price on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Piper Sandler decreased their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Finally, UBS Group decreased their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.45.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.28% of the company’s stock.

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.