Cetera Investment Advisers Trims Stake in HF Sinclair Co. (NYSE:DINO)

Cetera Investment Advisers cut its stake in HF Sinclair Co. (NYSE:DINO) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,702 shares of the company’s stock after selling 1,347 shares during the period. Cetera Investment Advisers’ holdings in HF Sinclair were worth $1,584,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of DINO. Pacer Advisors Inc. lifted its holdings in shares of HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after purchasing an additional 2,868,273 shares during the last quarter. Vanguard Group Inc. raised its stake in HF Sinclair by 9.3% during the fourth quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock valued at $1,012,184,000 after buying an additional 1,549,091 shares during the last quarter. AQR Capital Management LLC boosted its holdings in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after acquiring an additional 997,629 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of HF Sinclair by 15,066.7% in the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock worth $40,168,000 after acquiring an additional 660,978 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. bought a new position in shares of HF Sinclair during the second quarter valued at $33,177,000. 88.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays cut their price objective on shares of HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. BMO Capital Markets cut their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. UBS Group decreased their price objective on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Wolfe Research started coverage on HF Sinclair in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Scotiabank lowered their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $55.82.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $45.24 on Tuesday. The firm’s 50 day moving average price is $46.44 and its 200-day moving average price is $51.58. The stock has a market capitalization of $8.69 billion, a PE ratio of 5.60 and a beta of 1.16. HF Sinclair Co. has a twelve month low of $43.88 and a twelve month high of $64.16. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. HF Sinclair’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm earned $2.60 EPS. Equities research analysts expect that HF Sinclair Co. will post 2.65 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.42%. HF Sinclair’s 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.