HF Sinclair Corporation $DINO Stock Sold by Sound Income Strategies LLC

Sound Income Strategies LLC trimmed its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 18.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 119,942 shares of the company’s stock after selling 27,712 shares during the quarter. Sound Income Strategies LLC’s holdings in HF Sinclair were worth $12,872,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in DINO. Blue Trust Inc. increased its stake in shares of HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after acquiring an additional 228 shares during the period. Unison Advisors LLC lifted its position in HF Sinclair by 1.0% during the first quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock valued at $1,469,000 after purchasing an additional 234 shares during the period. Versant Capital Management Inc boosted its holdings in HF Sinclair by 31.2% in the second quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock valued at $69,000 after purchasing an additional 234 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of HF Sinclair by 13.1% in the 1st quarter. Inspire Investing LLC now owns 2,395 shares of the company’s stock valued at $149,000 after buying an additional 277 shares during the period. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of HF Sinclair by 5.4% in the second quarter. Concurrent Investment Advisors LLC now owns 5,794 shares of the company’s stock worth $404,000 after buying an additional 295 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

NYSE DINO traded up $0.20 on Friday, hitting $120.92. The company had a trading volume of 3,079,292 shares, compared to its average volume of 2,696,075. The company has a market capitalization of $21.50 billion, a PE ratio of 11.54 and a beta of 0.72. The company’s fifty day moving average price is $102.40 and its 200-day moving average price is $81.53. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $124.22.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data 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. The business had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company’s revenue was up 53.2% compared to the same quarter last year. During the same period last year, the firm posted $1.10 earnings per share. As a group, analysts predict that HF Sinclair Corporation will post 18.15 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently disclosed 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 annualized dividend and a 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%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DINO shares. Evercore assumed coverage on HF Sinclair in a report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price target for the company. Wells Fargo & Company upped their price objective on shares of HF Sinclair from $67.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. The Goldman Sachs Group increased their target price on shares of HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen raised their target price on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Finally, Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $100.00.

Insider Buying and Selling

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the business’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 transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares in the company, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.26% of the company’s stock.

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.