Wealth Enhancement Advisory Services LLC Sells 875 Shares of HF Sinclair Co. (NYSE:DINO)

Wealth Enhancement Advisory Services LLC lessened its holdings in HF Sinclair Co. (NYSE:DINOFree Report) by 7.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,673 shares of the company’s stock after selling 875 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in HF Sinclair were worth $705,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the stock. Rise Advisors LLC purchased a new stake in shares of HF Sinclair during the first quarter valued at approximately $26,000. Principal Securities Inc. bought a new position in HF Sinclair during the fourth quarter valued at about $30,000. Riverview Trust Co purchased a new stake in HF Sinclair during the first quarter worth about $31,000. Pingora Partners LLC bought a new stake in HF Sinclair in the fourth quarter worth about $35,000. Finally, Baystate Wealth Management LLC purchased a new position in HF Sinclair in the fourth quarter valued at about $37,000. Institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers acquired 6,500 shares of the company’s stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the acquisition, the director now owns 138,293 shares in the company, valued at approximately $7,933,869.41. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on DINO. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Barclays cut their price objective on shares of HF Sinclair from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Monday, July 1st. Wells Fargo & Company lowered their target price on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. JPMorgan Chase & Co. decreased their price target on shares of HF Sinclair from $61.00 to $59.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Finally, Piper Sandler dropped their price objective on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.25.

Read Our Latest Stock Analysis on HF Sinclair

HF Sinclair Stock Performance

HF Sinclair stock opened at $48.98 on Wednesday. The firm has a fifty day simple moving average of $54.22 and a two-hundred day simple moving average of $56.29. HF Sinclair Co. has a twelve month low of $45.21 and a twelve month high of $64.16. The company has a market capitalization of $9.41 billion, a PE ratio of 6.06 and a beta of 1.19. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINOGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.16. The company had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $7.54 billion. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. HF Sinclair’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.00 EPS. Research analysts expect that HF Sinclair Co. will post 5.64 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date of this dividend was Tuesday, May 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

About HF Sinclair

(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.

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

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