Advisory Services Network LLC Trims Stake in HF Sinclair Co. (NYSE:DINO)

Advisory Services Network LLC reduced its position in shares of HF Sinclair Co. (NYSE:DINOFree Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,180 shares of the company’s stock after selling 342 shares during the quarter. Advisory Services Network LLC’s holdings in HF Sinclair were worth $232,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in shares of HF Sinclair by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock valued at $297,027,000 after acquiring an additional 98,477 shares during the period. Gotham Asset Management LLC increased its holdings in shares of HF Sinclair by 7.4% in the 3rd quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock valued at $6,236,000 after acquiring an additional 7,547 shares during the period. UBS Group AG increased its holdings in shares of HF Sinclair by 26.2% in the 3rd quarter. UBS Group AG now owns 413,679 shares of the company’s stock valued at $23,551,000 after acquiring an additional 85,993 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of HF Sinclair by 28.2% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 21,586 shares of the company’s stock valued at $1,200,000 after acquiring an additional 4,752 shares during the period. Finally, Spirit of America Management Corp NY purchased a new position in shares of HF Sinclair in the 4th quarter valued at $1,093,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

Shares of DINO opened at $53.78 on Wednesday. The stock has a 50-day moving average of $57.53 and a two-hundred day moving average of $56.59. HF Sinclair Co. has a one year low of $42.00 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. The stock has a market cap of $10.33 billion, a P/E ratio of 6.66 and a beta of 1.25.

HF Sinclair (NYSE:DINOGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The company had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $7.54 billion. During the same quarter in the previous year, the firm posted $2.00 EPS. The firm’s revenue was down 7.1% compared to the same quarter last year. As a group, research analysts predict that HF Sinclair Co. will post 6.06 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.72%. HF Sinclair’s dividend payout ratio is currently 24.75%.

Insider Activity

In related news, Director Franklin Myers acquired 6,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was acquired at an average price of $57.37 per share, with a total value of $372,905.00. Following the acquisition, the director now directly owns 138,293 shares in the company, valued at approximately $7,933,869.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Franklin Myers acquired 6,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was acquired at an average price of $57.37 per share, with a total value of $372,905.00. Following the acquisition, the director now directly owns 138,293 shares in the company, valued at approximately $7,933,869.41. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the transaction, the director now directly owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Scotiabank lifted their price target on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Mizuho dropped their target price on HF Sinclair from $65.00 to $64.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Finally, Barclays assumed coverage on HF Sinclair in a research note on Monday, February 26th. They set an “equal weight” rating and a $60.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $64.92.

Read Our Latest Report on HF Sinclair

HF Sinclair Company Profile

(Free Report)

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.

See Also

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

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