Moors & Cabot Inc. Reduces Stock Position in HF Sinclair Co. (NYSE:DINO)

Moors & Cabot Inc. cut its stake in HF Sinclair Co. (NYSE:DINO) by 27.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,700 shares of the company’s stock after selling 1,808 shares during the quarter. Moors & Cabot Inc.’s holdings in HF Sinclair were worth $251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in HF Sinclair by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after buying an additional 399,988 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in HF Sinclair by 4.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 886,164 shares of the company’s stock worth $47,268,000 after buying an additional 41,456 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of HF Sinclair by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 79,405 shares of the company’s stock valued at $4,235,000 after purchasing an additional 1,945 shares in the last quarter. Wealthspire Advisors LLC boosted its position in HF Sinclair by 8.1% during the second quarter. Wealthspire Advisors LLC now owns 7,474 shares of the company’s stock valued at $399,000 after buying an additional 558 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in HF Sinclair by 3.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 98,329 shares of the company’s stock worth $5,164,000 after acquiring an additional 2,922 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wolfe Research initiated coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. UBS Group decreased their price objective on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Barclays boosted their price objective on shares of HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Wells Fargo & Company dropped their target price on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. upped their target price on shares of HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

HF Sinclair Stock Performance

Shares of NYSE:DINO opened at $46.26 on Friday. The firm has a fifty day simple moving average of $47.58 and a two-hundred day simple moving average of $53.17. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $8.89 billion, a P/E ratio of 5.73 and a beta of 1.18. HF Sinclair Co. has a 52 week low of $44.07 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period last year, the company earned $2.60 earnings per share. HF Sinclair’s revenue was up .2% on a year-over-year basis. On average, analysts expect that HF Sinclair Co. will post 3.69 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is 24.75%.

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.