Kesler Norman & Wride LLC Sells 963 Shares of HF Sinclair Co. (NYSE:DINO)

Kesler Norman & Wride LLC reduced its stake in HF Sinclair Co. (NYSE:DINO) by 11.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,293 shares of the company’s stock after selling 963 shares during the period. Kesler Norman & Wride LLC’s holdings in HF Sinclair were worth $325,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Prudential PLC grew its holdings in HF Sinclair by 24.9% in the fourth quarter. Prudential PLC now owns 13,709 shares of the company’s stock worth $762,000 after purchasing an additional 2,729 shares during the period. Boxwood Ventures Inc. purchased a new stake in HF Sinclair in the fourth quarter worth about $633,000. Oracle Alpha Inc. purchased a new stake in HF Sinclair in the fourth quarter worth about $428,000. Quarry LP purchased a new stake in HF Sinclair in the fourth quarter worth about $39,000. Finally, V Square Quantitative Management LLC grew its holdings in HF Sinclair by 66.1% in the fourth quarter. V Square Quantitative Management LLC now owns 1,621 shares of the company’s stock worth $90,000 after purchasing an additional 645 shares during the period. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Down 4.9 %

Shares of DINO stock opened at $44.50 on Wednesday. HF Sinclair Co. has a 12-month low of $43.88 and a 12-month high of $64.16. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average is $46.83 and its 200 day moving average is $52.11. The stock has a market capitalization of $8.55 billion, a P/E ratio of 5.53 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same period last year, the firm earned $2.60 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. Research analysts expect that HF Sinclair Co. will post 2.84 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.49%. HF Sinclair’s payout ratio is presently 24.75%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wolfe Research began coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. 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. Mizuho cut their price target on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Argus upgraded shares of HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. cut their price target on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

About HF Sinclair

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.