Hennion & Walsh Asset Management Inc. Invests $210,000 in HF Sinclair Co. (NYSE:DINO)

Hennion & Walsh Asset Management Inc. acquired a new position in shares of HF Sinclair Co. (NYSE:DINO) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,482 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors also recently modified their holdings of DINO. Rise Advisors LLC acquired a new stake in shares of HF Sinclair during the 1st quarter worth approximately $26,000. Principal Securities Inc. acquired a new stake in HF Sinclair in the 4th quarter valued at $30,000. Riverview Trust Co acquired a new stake in HF Sinclair in the 1st quarter valued at $31,000. Pingora Partners LLC acquired a new position in HF Sinclair in the fourth quarter worth $35,000. Finally, Baystate Wealth Management LLC acquired a new position in HF Sinclair in the fourth quarter worth $37,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 6,500 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was purchased at an average cost of $57.37 per share, with a total value of $372,905.00. Following the completion of the purchase, the director now owns 138,293 shares in the company, valued at $7,933,869.41. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.28% of the company’s stock.

HF Sinclair Trading Down 1.1 %

NYSE DINO opened at $52.99 on Friday. The stock has a 50-day simple moving average of $54.62 and a 200 day simple moving average of $56.46. The company has a market capitalization of $10.18 billion, a PE ratio of 6.56 and a beta of 1.19. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26. HF Sinclair Co. has a 12 month low of $43.29 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $7.54 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. Research analysts forecast that HF Sinclair Co. will post 5.64 EPS for the current year.

HF Sinclair Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company reduced their price objective on HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Piper Sandler reduced their price objective on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. JPMorgan Chase & Co. dropped their target price on HF Sinclair from $61.00 to $59.00 and set a “neutral” rating for the company in a research report on Tuesday. Barclays dropped their target price on HF Sinclair from $60.00 to $56.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Argus upgraded HF Sinclair to a “hold” rating in a research report on Wednesday, June 26th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.25.

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.