HB Wealth Management LLC Trims Stock Holdings in HF Sinclair Corporation $DINO

HB Wealth Management LLC lessened its position in shares of HF Sinclair Corporation (NYSE:DINO) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,587 shares of the company’s stock after selling 871 shares during the period. HB Wealth Management LLC’s holdings in HF Sinclair were worth $435,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DINO. CWA Asset Management Group LLC acquired a new stake in HF Sinclair in the 1st quarter valued at approximately $421,000. Pacific Heights Asset Management LLC boosted its position in shares of HF Sinclair by 9.1% in the first quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company’s stock worth $7,891,000 after buying an additional 20,000 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in HF Sinclair by 72.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company’s stock valued at $1,684,000 after purchasing an additional 21,597 shares during the last quarter. Principal Financial Group Inc. raised its holdings in HF Sinclair by 2.2% during the first quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company’s stock valued at $42,399,000 after buying an additional 27,764 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of HF Sinclair by 7.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company’s stock worth $4,354,000 after purchasing an additional 9,070 shares during the period. Institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

DINO has been the topic of a number of recent research reports. The Goldman Sachs Group lifted their price objective on HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Weiss Ratings restated a “hold (c-)” rating on shares of HF Sinclair in a research report on Saturday, September 27th. Mizuho upped their target price on shares of HF Sinclair from $52.00 to $60.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. UBS Group upped their price objective on shares of HF Sinclair from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Barclays upped their target price on shares of HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.64.

HF Sinclair Stock Down 0.4%

HF Sinclair stock opened at $51.66 on Monday. The stock has a market cap of $9.66 billion, a P/E ratio of -112.30 and a beta of 1.00. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $54.73. The company’s 50-day moving average price is $48.88 and its two-hundred day moving average price is $40.64.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.61. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same period in the prior year, the firm earned $0.78 EPS. The business’s revenue was down 13.5% on a year-over-year basis. As a group, analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. HF Sinclair’s dividend payout ratio (DPR) is currently -434.78%.

Insider Transactions at HF Sinclair

In related news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the transaction, the executive vice president directly owned 39,591 shares of the company’s stock, valued at $1,683,805.23. This trade represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.28% of the stock is owned by company insiders.

HF Sinclair Company Profile

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.