FCF Advisors LLC Decreases Stock Holdings in HF Sinclair Co. (NYSE:DINO)

FCF Advisors LLC lessened its stake in HF Sinclair Co. (NYSE:DINO) by 56.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,594 shares of the company’s stock after selling 12,603 shares during the period. FCF Advisors LLC’s holdings in HF Sinclair were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DINO. Unison Advisors LLC increased its position in shares of HF Sinclair by 0.8% during the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock worth $1,298,000 after purchasing an additional 179 shares in the last quarter. Capital Advisors Wealth Management LLC raised its stake in HF Sinclair by 2.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock valued at $491,000 after buying an additional 190 shares during the last quarter. Poehling Capital Management INC. boosted its holdings in HF Sinclair by 0.3% in the first quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock worth $3,989,000 after acquiring an additional 203 shares in the last quarter. Empirical Finance LLC grew its stake in shares of HF Sinclair by 1.2% during the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after acquiring an additional 228 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after acquiring an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Down 4.9 %

Shares of DINO stock opened at $44.50 on Wednesday. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. HF Sinclair Co. has a twelve month low of $43.88 and a twelve month high of $64.16. The stock has a 50 day moving average of $46.83 and a 200 day moving average of $52.11. The stock has a market cap of $8.55 billion, a P/E ratio of 5.51 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating 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 firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. During the same period in the previous year, the firm earned $2.60 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. As a group, sell-side analysts expect that HF Sinclair Co. will post 2.84 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.49%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s payout ratio is currently 24.75%.

Analysts Set New Price Targets

A number of analysts recently commented on DINO shares. Morgan Stanley lowered their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Wolfe Research began coverage on shares of HF Sinclair in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Piper Sandler cut their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. UBS Group lowered 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. Finally, BMO Capital Markets cut their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price 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.