126,533 HF Sinclair Corporation $DINO Shares Sold by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH decreased its stake in HF Sinclair Corporation (NYSE:DINO) by 41.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 177,620 shares of the company’s stock after selling 126,533 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in HF Sinclair were worth $19,062,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DINO. Bullock Wealth Management Group bought a new position in HF Sinclair during the 3rd quarter worth $41,000. Clearstead Trust LLC acquired a new stake in HF Sinclair in the second quarter worth $33,000. Fairway Wealth LLC acquired a new stake in HF Sinclair in the first quarter worth $41,000. Fortitude Family Office LLC lifted its stake in HF Sinclair by 112.6% in the third quarter. Fortitude Family Office LLC now owns 674 shares of the company’s stock valued at $72,000 after buying an additional 357 shares during the last quarter. Finally, Nalls Sherbakoff Group LLC bought a new stake in HF Sinclair in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Activity

In related news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares in the company, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.26% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DINO shares. Raymond James Financial boosted their price target on shares of HF Sinclair from $105.00 to $140.00 and gave the company a “strong-buy” rating in a report on Monday, September 14th. Wells Fargo & Company increased their price objective on shares of HF Sinclair from $93.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group increased their price objective on shares of HF Sinclair from $126.00 to $133.00 and gave the stock a “buy” rating in a report on Saturday, October 3rd. The Goldman Sachs Group lifted their price objective on shares of HF Sinclair from $114.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, October 9th. Finally, Mizuho lifted their price objective on shares of HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Two 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $124.81 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The stock has a 50 day simple moving average of $105.62 and a 200-day simple moving average of $83.48. The company has a market cap of $22.19 billion, a PE ratio of 13.25 and a beta of 0.72. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $129.37.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%. The company had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.68 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. The firm’s revenue was up 53.2% on a year-over-year basis. On average, equities research analysts forecast that HF Sinclair Corporation will post 18.15 EPS for the current year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were issued a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is presently 20.04%.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.