Oppenheimer & Co. Inc. Cuts Position in HF Sinclair Co. (NYSE:DINO)

Oppenheimer & Co. Inc. decreased its holdings in HF Sinclair Co. (NYSE:DINO) by 50.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,178 shares of the company’s stock after selling 8,457 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in HF Sinclair were worth $396,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of DINO. U.S. Capital Wealth Advisors LLC purchased a new position in shares of HF Sinclair in the fourth quarter valued at $26,000. Parkside Financial Bank & Trust purchased a new position in shares of HF Sinclair in the first quarter valued at $36,000. AdvisorNet Financial Inc increased its position in shares of HF Sinclair by 275.7% in the first quarter. AdvisorNet Financial Inc now owns 1,022 shares of the company’s stock valued at $49,000 after buying an additional 750 shares in the last quarter. CoreCap Advisors LLC purchased a new position in shares of HF Sinclair in the fourth quarter valued at $52,000. Finally, Lazard Asset Management LLC purchased a new position in shares of HF Sinclair in the first quarter valued at $52,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

HF Sinclair Stock Performance

Shares of NYSE:DINO opened at $56.29 on Wednesday. The company has a market cap of $10.36 billion, a P/E ratio of 4.78, a PEG ratio of 0.89 and a beta of 1.40. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.19 and a current ratio of 2.32. HF Sinclair Co. has a one year low of $37.12 and a one year high of $66.19. The business’s 50-day simple moving average is $50.60 and its 200 day simple moving average is $47.77.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, August 3rd. The company reported $2.60 EPS for the quarter, beating the consensus estimate of $2.27 by $0.33. The business had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.38 billion. HF Sinclair had a return on equity of 24.58% and a net margin of 6.87%. On average, sell-side analysts forecast that HF Sinclair Co. will post 9.22 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $1.80 annualized dividend and a yield of 3.20%. HF Sinclair’s dividend payout ratio is presently 15.28%.

Analysts Set New Price Targets

A number of research firms recently commented on DINO. UBS Group increased their price objective on HF Sinclair from $53.00 to $58.00 and gave the company a “neutral” rating in a research note on Monday, August 7th. The Goldman Sachs Group increased their price objective on HF Sinclair from $56.00 to $63.00 and gave the company a “buy” rating in a research note on Tuesday, August 8th. Piper Sandler increased their price objective on HF Sinclair from $63.00 to $70.00 in a research note on Friday, August 4th. Mizuho lowered HF Sinclair from a “buy” rating to a “neutral” rating and raised their price target for the stock from $56.00 to $63.00 in a research note on Wednesday, August 16th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $70.00 price objective on shares of HF Sinclair in a research note on Wednesday, July 19th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.83.

HF Sinclair Company Profile

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.