Exchange Traded Concepts LLC reduced its position in shares of HF Sinclair Co. (NYSE:DINO – Free Report) by 19.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,215 shares of the company’s stock after selling 2,928 shares during the period. Exchange Traded Concepts LLC’s holdings in HF Sinclair were worth $545,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in DINO. Signaturefd LLC raised its stake in HF Sinclair by 9.2% during the first quarter. Signaturefd LLC now owns 2,963 shares of the company’s stock worth $143,000 after acquiring an additional 249 shares in the last quarter. National Bank of Canada FI increased its holdings in shares of HF Sinclair by 4.5% during the first quarter. National Bank of Canada FI now owns 6,739 shares of the company’s stock worth $326,000 after buying an additional 288 shares in the last quarter. Cullen Capital Management LLC increased its holdings in shares of HF Sinclair by 3.9% during the first quarter. Cullen Capital Management LLC now owns 7,782 shares of the company’s stock worth $376,000 after buying an additional 290 shares in the last quarter. Atlas Capital Advisors LLC increased its holdings in shares of HF Sinclair by 11.2% during the fourth quarter. Atlas Capital Advisors LLC now owns 2,898 shares of the company’s stock worth $150,000 after buying an additional 292 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of HF Sinclair by 0.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 58,510 shares of the company’s stock worth $3,150,000 after buying an additional 297 shares in the last quarter. 89.15% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
DINO has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $62.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday. UBS Group raised their price target on shares of HF Sinclair from $53.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $60.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, September 8th. The Goldman Sachs Group increased their price objective on HF Sinclair from $56.00 to $63.00 and gave the company a “buy” rating in a report on Tuesday, August 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $70.00 target price on shares of HF Sinclair in a report on Wednesday, July 19th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.38.
Insiders Place Their Bets
In other HF Sinclair news, EVP Valerie Pompa sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $56.89, for a total value of $284,450.00. Following the completion of the sale, the executive vice president now directly owns 20,217 shares in the company, valued at $1,150,145.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.35% of the company’s stock.
HF Sinclair Trading Down 0.9 %
NYSE DINO opened at $52.07 on Friday. The business has a 50 day simple moving average of $56.91 and a 200 day simple moving average of $49.08. HF Sinclair Co. has a one year low of $37.12 and a one year high of $66.19. The stock has a market capitalization of $10.01 billion, a P/E ratio of 4.42, a P/E/G ratio of 0.49 and a beta of 1.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.32 and a quick ratio of 1.19.
HF Sinclair (NYSE:DINO – Get Free Report) last released its earnings results on Thursday, August 3rd. The company reported $2.60 EPS for the quarter, topping the consensus estimate of $2.27 by $0.33. HF Sinclair had a return on equity of 24.58% and a net margin of 6.87%. The business had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Research analysts expect that HF Sinclair Co. will post 10.36 earnings per share for the current year.
HF Sinclair Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Thursday, August 17th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Wednesday, August 16th. HF Sinclair’s payout ratio is 15.28%.
HF Sinclair Profile
HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.
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