Denali Advisors LLC Sells 1,192 Shares of HF Sinclair Co. (NYSE:DINO)

Denali Advisors LLC decreased its position in HF Sinclair Co. (NYSE:DINO) by 16.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 5,869 shares of the company’s stock after selling 1,192 shares during the quarter. Denali Advisors LLC’s holdings in HF Sinclair were worth $354,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Rise Advisors LLC acquired a new stake in shares of HF Sinclair during the first quarter worth approximately $26,000. Principal Securities Inc. bought a new stake in HF Sinclair during the 4th quarter worth approximately $30,000. Riverview Trust Co bought a new stake in HF Sinclair during the 1st quarter worth approximately $31,000. Pingora Partners LLC acquired a new stake in HF Sinclair during the 4th quarter valued at $35,000. Finally, Baystate Wealth Management LLC bought a new position in HF Sinclair in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.1 %

DINO opened at $53.00 on Thursday. The firm’s fifty day moving average is $54.71 and its two-hundred day moving average is $56.48. The firm has a market cap of $10.18 billion, a PE ratio of 6.56 and a beta of 1.19. HF Sinclair Co. has a twelve month low of $43.29 and a twelve month high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.16. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The business had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $7.54 billion. During the same quarter in the previous year, the business posted $2.00 EPS. HF Sinclair’s revenue for the quarter was down 7.1% on a year-over-year basis. Equities research analysts anticipate that HF Sinclair Co. will post 5.64 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.77%. HF Sinclair’s payout ratio is 24.75%.

Wall Street Analyst Weigh In

Several analysts have recently commented on DINO shares. Mizuho decreased their target price on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Scotiabank increased their price objective on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Wells Fargo & Company lowered their price objective on HF Sinclair from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Piper Sandler cut their target price on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Finally, JPMorgan Chase & Co. dropped their price target on shares of HF Sinclair from $61.00 to $59.00 and set a “neutral” rating for the company in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $64.25.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 6,500 shares of HF Sinclair stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $57.37 per share, with a total value of $372,905.00. Following the completion of the transaction, the director now directly owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by 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.