Envestnet Asset Management Inc. Sells 2,448 Shares of HF Sinclair Co. (NYSE:DINO)

Envestnet Asset Management Inc. reduced its position in HF Sinclair Co. (NYSE:DINOGet Rating) by 7.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 29,823 shares of the company’s stock after selling 2,448 shares during the period. Envestnet Asset Management Inc.’s holdings in HF Sinclair were worth $1,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in shares of HF Sinclair by 118.3% during the second quarter. Van ECK Associates Corp now owns 54,307 shares of the company’s stock valued at $2,453,000 after buying an additional 29,428 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of HF Sinclair during the second quarter valued at about $292,000. Retirement Systems of Alabama increased its position in shares of HF Sinclair by 13.8% during the second quarter. Retirement Systems of Alabama now owns 455,226 shares of the company’s stock valued at $20,558,000 after buying an additional 55,272 shares during the period. Kovitz Investment Group Partners LLC increased its position in shares of HF Sinclair by 0.4% during the second quarter. Kovitz Investment Group Partners LLC now owns 165,611 shares of the company’s stock valued at $7,479,000 after buying an additional 643 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of HF Sinclair during the second quarter valued at about $386,000. 89.58% of the stock is currently owned by institutional investors.

HF Sinclair Stock Down 0.6 %

Shares of DINO opened at $63.32 on Tuesday. The firm has a market cap of $12.71 billion, a P/E ratio of 6.01, a P/E/G ratio of 0.31 and a beta of 1.34. The stock has a 50 day simple moving average of $57.66 and a two-hundred day simple moving average of $51.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.11 and a quick ratio of 1.05. HF Sinclair Co. has a 1 year low of $29.14 and a 1 year high of $65.99.

HF Sinclair (NYSE:DINOGet Rating) last issued its earnings results on Monday, November 7th. The company reported $4.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.61 by ($0.03). The firm had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $8.72 billion. HF Sinclair had a return on equity of 27.56% and a net margin of 6.59%. The firm’s quarterly revenue was up 126.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.28 EPS. On average, analysts forecast that HF Sinclair Co. will post 15.65 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Stockholders of record on Monday, November 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Friday, November 18th. HF Sinclair’s dividend payout ratio (DPR) is presently 15.18%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their price target on HF Sinclair to $57.00 in a research report on Tuesday, September 6th. Barclays boosted their price objective on HF Sinclair from $56.00 to $61.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 5th. Cowen boosted their price objective on HF Sinclair from $60.00 to $68.00 in a report on Tuesday, November 8th. Morgan Stanley boosted their price objective on HF Sinclair from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, November 8th. Finally, Wells Fargo & Company boosted their price objective on HF Sinclair from $57.00 to $65.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.78.

Insider Activity

In other news, CEO Michael Jennings sold 45,500 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $63.46, for a total transaction of $2,887,430.00. Following the completion of the sale, the chief executive officer now owns 242,999 shares of the company’s stock, valued at $15,420,716.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Michael Jennings sold 45,500 shares of the stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $63.46, for a total transaction of $2,887,430.00. Following the completion of the sale, the chief executive officer now owns 242,999 shares of the company’s stock, valued at $15,420,716.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Manuel J. Fernandez sold 2,675 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were sold at an average price of $61.45, for a total value of $164,378.75. Following the sale, the director now directly owns 9,771 shares of the company’s stock, valued at approximately $600,427.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,125 shares of company stock valued at $3,104,353. 0.35% of the stock is currently owned by company insiders.

About HF Sinclair

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HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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