HF Sinclair Corporation $DINO Stock: State of Wyoming Lowers Holdings

State of Wyoming cut its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 39.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,520 shares of the company’s stock after selling 4,817 shares during the quarter. State of Wyoming’s holdings in HF Sinclair were worth $807,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in HF Sinclair in the 2nd quarter worth $1,291,602,000. Bank of New York Mellon Corp acquired a new stake in HF Sinclair during the 2nd quarter worth about $140,654,000. NFJ Investment Group LLC purchased a new stake in HF Sinclair during the 2nd quarter valued at about $97,422,000. Bank of America Corp DE purchased a new stake in HF Sinclair during the 2nd quarter valued at about $89,846,000. Finally, First Trust Advisors LP increased its holdings in shares of HF Sinclair by 161.5% in the first quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock valued at $64,702,000 after purchasing an additional 640,455 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

NYSE DINO opened at $115.01 on Friday. The stock has a 50-day simple moving average of $111.90 and a two-hundred day simple moving average of $78.21. The firm has a market capitalization of $19.71 billion, a P/E ratio of 5.84 and a beta of 0.72. HF Sinclair Corporation has a fifty-two week low of $45.71 and a fifty-two week high of $129.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.10 and a current ratio of 2.27.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.83 by $3.92. The business had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $8.89 billion. HF Sinclair had a return on equity of 32.95% and a net margin of 10.12%. The company’s revenue for the quarter was up 49.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.44 EPS. On average, equities analysts forecast that HF Sinclair Corporation will post 21.09 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 12th will be given a $0.5250 dividend. This represents a $2.10 annualized dividend and a yield of 1.8%. The ex-dividend date is Thursday, November 12th. HF Sinclair’s dividend payout ratio is currently 10.65%.

Insider Buying and Selling

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of a number of research reports. Morgan Stanley lifted their target price on HF Sinclair from $78.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, September 14th. TD Cowen increased their price target on shares of HF Sinclair from $100.00 to $110.00 and gave the stock a “hold” rating in a report on Thursday, October 22nd. The Goldman Sachs Group raised their price target on shares of HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Weiss Ratings upgraded shares of HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Finally, Barclays upped their price objective on shares of HF Sinclair from $86.00 to $122.00 and gave the company an “equal weight” rating in a report on Monday, October 12th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $115.75.

HF Sinclair Profile

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.