HF Sinclair Co. (NYSE:DINO) Shares Sold by Stifel Financial Corp

Stifel Financial Corp cut its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 20.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,132 shares of the company’s stock after selling 6,019 shares during the period. Stifel Financial Corp’s holdings in HF Sinclair were worth $1,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DINO. Quadrature Capital Ltd raised its holdings in HF Sinclair by 77.9% in the third quarter. Quadrature Capital Ltd now owns 18,614 shares of the company’s stock valued at $830,000 after acquiring an additional 8,150 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of HF Sinclair by 75.2% in the 3rd quarter. Quantinno Capital Management LP now owns 9,657 shares of the company’s stock valued at $430,000 after purchasing an additional 4,144 shares in the last quarter. Quarry LP lifted its position in shares of HF Sinclair by 1,591.3% during the third quarter. Quarry LP now owns 1,353 shares of the company’s stock worth $60,000 after purchasing an additional 1,273 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in HF Sinclair in the third quarter worth about $50,000. Finally, Morse Asset Management Inc bought a new stake in HF Sinclair in the third quarter valued at about $1,560,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $34.13 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a market capitalization of $6.42 billion, a PE ratio of 21.07 and a beta of 1.20. The stock has a fifty day moving average of $40.82 and a 200-day moving average of $45.84. HF Sinclair Co. has a one year low of $33.47 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter last year, the business posted $4.06 EPS. HF Sinclair’s revenue was down 19.1% on a year-over-year basis. As a group, equities analysts anticipate that HF Sinclair Co. will post 2.27 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.86%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Analyst Ratings Changes

A number of research analysts have commented on the company. JPMorgan Chase & Co. decreased their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Scotiabank dropped their target price on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Mizuho decreased their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Piper Sandler dropped their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Finally, TD Cowen decreased their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $51.45.

Insider Activity

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $37.96 per share, with a total value of $265,720.00. Following the purchase, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 17,000 shares of company stock worth $628,370. 0.28% of the stock is owned by corporate insiders.

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.