B. Riley Wealth Advisors Inc. Has $530,000 Position in HF Sinclair Co. (NYSE:DINO)

B. Riley Wealth Advisors Inc. decreased its position in HF Sinclair Co. (NYSE:DINO) by 30.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,789 shares of the company’s stock after selling 5,085 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in HF Sinclair were worth $530,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of DINO. Fifth Third Bancorp lifted its position in shares of HF Sinclair by 6.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after purchasing an additional 267 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in HF Sinclair during the 2nd quarter worth about $250,000. New York State Teachers Retirement System raised its position in HF Sinclair by 0.4% in the 2nd quarter. New York State Teachers Retirement System now owns 199,663 shares of the company’s stock worth $10,650,000 after purchasing an additional 773 shares during the last quarter. Spirit of America Management Corp NY raised its position in shares of HF Sinclair by 12.6% during the second quarter. Spirit of America Management Corp NY now owns 31,176 shares of the company’s stock worth $1,663,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Easterly Investment Partners LLC raised its holdings in HF Sinclair by 47.7% during the 2nd quarter. Easterly Investment Partners LLC now owns 23,050 shares of the company’s stock worth $1,229,000 after purchasing an additional 7,448 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Down 3.0 %

Shares of HF Sinclair stock opened at $33.67 on Friday. The firm has a market cap of $6.34 billion, a PE ratio of 20.78 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a 1 year low of $33.52 and a 1 year high of $64.16. The stock has a fifty day moving average price of $41.06 and a 200-day moving average price of $46.09.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the prior year, the company posted $4.06 EPS. HF Sinclair’s revenue was down 19.1% compared to the same quarter last year. Equities research analysts anticipate that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.94%. HF Sinclair’s dividend payout ratio is presently 123.46%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DINO. UBS Group cut their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Morgan Stanley dropped their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Barclays cut their target price on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. BMO Capital Markets cut their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Finally, Scotiabank reduced their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $51.45.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Atanas H. Atanasov acquired 7,000 shares of HF Sinclair stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the transaction, the chief financial officer now owns 71,927 shares in the company, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 17,000 shares of company stock valued at $628,370 over the last 90 days. 0.28% of the stock is owned by insiders.

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.