4,817 HF Sinclair Corporation $DINO Shares Sold by State of Wyoming
by Danessa Lincoln · The Markets DailyState of Wyoming reduced its holdings in HF Sinclair Corporation (NYSE:DINO – Free Report) by 39.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,520 shares of the company’s stock after selling 4,817 shares during the period. State of Wyoming’s holdings in HF Sinclair were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in HF Sinclair in the second quarter worth about $1,291,602,000. Bank of New York Mellon Corp bought a new position in shares of HF Sinclair during the 2nd quarter valued at approximately $140,654,000. NFJ Investment Group LLC bought a new position in shares of HF Sinclair during the 2nd quarter valued at approximately $97,422,000. Bank of America Corp DE purchased a new stake in HF Sinclair during the 2nd quarter valued at $89,846,000. Finally, First Trust Advisors LP raised its holdings in HF Sinclair by 161.5% during the 1st quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock valued at $64,702,000 after buying an additional 640,455 shares during the period. 88.29% of the stock is currently owned by institutional investors.
HF Sinclair Trading Up 2.8%
Shares of NYSE:DINO opened at $115.01 on Friday. The company has a market capitalization of $19.71 billion, a PE ratio of 5.84 and a beta of 0.72. The company has a current ratio of 2.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.24. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $129.37. The business’s fifty day simple moving average is $111.90 and its 200-day simple moving average is $78.21.
HF Sinclair (NYSE:DINO – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 EPS for the quarter, topping the consensus estimate of $7.83 by $3.92. HF Sinclair had a net margin of 10.12% and a return on equity of 32.95%. The firm had revenue of $10.86 billion during the quarter, compared to analyst estimates of $8.89 billion. During the same quarter in the previous year, the business posted $2.44 EPS. HF Sinclair’s revenue was up 49.7% on a year-over-year basis. As a group, equities research analysts predict that HF Sinclair Corporation will post 21.09 earnings per share for the current fiscal year.
HF Sinclair Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.5250 per share. The ex-dividend date is Thursday, November 12th. This represents a $2.10 annualized dividend and a dividend yield of 1.8%. HF Sinclair’s dividend payout ratio is 10.65%.
Insider Activity at HF Sinclair
In related news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This trade represents a 17.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
DINO has been the topic of several analyst reports. The Goldman Sachs Group upped their price target on shares of HF Sinclair from $114.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 9th. TD Cowen raised their price objective on shares of HF Sinclair from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Thursday, October 22nd. Evercore started coverage on HF Sinclair in a research report on Friday, July 17th. They set an “in-line” rating and a $85.00 target price for the company. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Finally, Barclays upped their target price on HF Sinclair from $86.00 to $122.00 and gave the company an “equal weight” rating in a research note on Monday, October 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and an average target price of $115.75.
About HF Sinclair
HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.
HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.
Further Reading
- Five stocks we like better than HF Sinclair
- Starbucks Says Its Turnaround Is Done—The Numbers Make a Strong Case (With 1 Catch)
- 3 Robotics ETFs, 3 Different Ways to Bet on Humanoid Robots
- Can Microsoft Turn a Leaner Workforce and Record AI Spending Into Bigger Profits?
- Why JFrog Could Be the Software Infrastructure Company to Beat in the AI Boom
Want to see what other hedge funds are holding DINO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HF Sinclair Corporation (NYSE:DINO – Free Report).