King Luther Capital Management Corp Lowers Stake in HF Sinclair Co. (NYSE:DINO)

King Luther Capital Management Corp lessened its holdings in HF Sinclair Co. (NYSE:DINO) by 60.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,123 shares of the company’s stock after selling 40,498 shares during the period. King Luther Capital Management Corp’s holdings in HF Sinclair were worth $1,393,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of DINO. Rise Advisors LLC purchased a new position in HF Sinclair during the first quarter valued at $26,000. Principal Securities Inc. purchased a new position in HF Sinclair in the 4th quarter valued at about $30,000. Riverview Trust Co acquired a new stake in HF Sinclair in the 1st quarter worth about $31,000. Innealta Capital LLC acquired a new position in shares of HF Sinclair during the second quarter valued at approximately $34,000. Finally, Pingora Partners LLC acquired a new stake in shares of HF Sinclair in the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analysts Set New Price Targets

DINO has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Morgan Stanley decreased their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Mizuho dropped their price objective on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Argus raised shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Finally, UBS Group dropped their price target on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

HF Sinclair Trading Down 2.1 %

Shares of HF Sinclair stock opened at $46.25 on Monday. The stock has a 50 day moving average of $47.58 and a 200 day moving average of $53.13. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The firm has a market capitalization of $8.89 billion, a price-to-earnings ratio of 5.72 and a beta of 1.18. HF Sinclair Co. has a fifty-two week low of $44.07 and a fifty-two week high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data 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 firm 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 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts predict that HF Sinclair Co. will post 3.69 earnings per share for the current 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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s payout ratio is 24.75%.

HF Sinclair 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.