Thurston Springer Miller Herd & Titak Inc. Sells 11,927 Shares of HF Sinclair Corporation $DINO

Thurston Springer Miller Herd & Titak Inc. cut its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 93.0% during the third quarter, HoldingsChannel.com reports. The fund owned 904 shares of the company’s stock after selling 11,927 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in HF Sinclair were worth $47,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in DINO. Kiker Wealth Management LLC purchased a new position in HF Sinclair during the 2nd quarter valued at about $32,000. Johnson Financial Group Inc. bought a new position in shares of HF Sinclair during the second quarter valued at approximately $33,000. West Oak Capital LLC bought a new position in shares of HF Sinclair during the second quarter valued at approximately $38,000. State of Wyoming purchased a new position in HF Sinclair during the second quarter valued at approximately $41,000. Finally, Hilltop National Bank bought a new position in HF Sinclair in the second quarter worth approximately $46,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $47.41 on Thursday. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $56.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. The firm’s 50 day simple moving average is $52.41 and its 200-day simple moving average is $48.16. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 22.68 and a beta of 0.84.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a yield of 4.2%. HF Sinclair’s dividend payout ratio is currently 95.69%.

Analyst Ratings Changes

Several research analysts have recently commented on DINO shares. Barclays boosted their price target on HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Piper Sandler raised their price target on shares of HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $65.00 price objective (up previously from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Finally, The Goldman Sachs Group boosted their price objective on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.20.

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.