Quest Partners LLC Lowers Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Quest Partners LLC trimmed its stake in HF Sinclair Co. (NYSE:DINO) by 64.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,112 shares of the company’s stock after selling 3,760 shares during the period. Quest Partners LLC’s holdings in HF Sinclair were worth $94,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in DINO. Cetera Advisors LLC purchased a new stake in shares of HF Sinclair in the 1st quarter worth approximately $1,146,000. Neo Ivy Capital Management purchased a new stake in shares of HF Sinclair in the 2nd quarter worth approximately $806,000. Aigen Investment Management LP purchased a new stake in shares of HF Sinclair in the 3rd quarter worth approximately $1,253,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of HF Sinclair by 399.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 58,259 shares of the company’s stock worth $3,108,000 after purchasing an additional 46,586 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of HF Sinclair in the 2nd quarter worth approximately $723,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DINO. BMO Capital Markets lowered their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Morgan Stanley lowered their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Piper Sandler reduced their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Wells Fargo & Company reduced their price objective on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Finally, UBS Group reduced their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $54.27.

HF Sinclair Trading Down 0.0 %

Shares of HF Sinclair stock opened at $40.97 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12-month low of $38.25 and a 12-month high of $64.16. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 25.29 and a beta of 1.18. The firm’s 50 day simple moving average is $43.14 and its two-hundred day simple moving average is $47.86.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the prior year, the business posted $4.06 EPS. HF Sinclair’s revenue for the quarter was down 19.1% compared to the same quarter last year. Analysts predict that HF Sinclair Co. will post 2.35 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.88%. HF Sinclair’s payout ratio is 123.46%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.28% of the stock is currently owned by company insiders.

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.