HF Sinclair Corporation $DINO Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. lowered its stake in HF Sinclair Corporation (NYSE:DINO) by 19.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 72,220 shares of the company’s stock after selling 16,895 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in HF Sinclair were worth $3,780,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DINO. Goldman Sachs Group Inc. increased its holdings in HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after buying an additional 119,832 shares during the last quarter. Focus Partners Wealth grew its position in shares of HF Sinclair by 71.7% in the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after acquiring an additional 8,102 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of HF Sinclair by 421.9% in the 2nd quarter. Parallel Advisors LLC now owns 4,008 shares of the company’s stock valued at $165,000 after acquiring an additional 3,240 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of HF Sinclair by 111.8% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,031 shares of the company’s stock valued at $83,000 after acquiring an additional 1,072 shares in the last quarter. Finally, Pallas Capital Advisors LLC raised its position in shares of HF Sinclair by 96.0% during the 2nd quarter. Pallas Capital Advisors LLC now owns 36,293 shares of the company’s stock valued at $1,491,000 after acquiring an additional 17,776 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

DINO opened at $49.82 on Friday. The business has a 50 day moving average price of $50.32 and a two-hundred day moving average price of $49.34. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. The company has a market capitalization of $9.16 billion, a price-to-earnings ratio of 23.84 and a beta of 0.84. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $56.58.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 EPS. Research analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, November 19th. HF Sinclair’s dividend payout ratio is presently 95.69%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DINO. The Goldman Sachs Group boosted their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Mizuho boosted their price objective on shares of HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Piper Sandler upgraded shares of HF Sinclair from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $64.00 to $68.00 in a research note on Thursday, January 8th. Wells Fargo & Company started coverage on HF Sinclair in a research note on Friday, October 17th. They issued an “equal weight” rating and a $58.00 target price for the company. Finally, Zacks Research lowered HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $60.30.

HF Sinclair Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.