Sequoia Financial Advisors LLC cut its stake in shares of HF Sinclair Corporation (NYSE:DINO – Free Report) by 40.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,690 shares of the company’s stock after selling 5,903 shares during the period. Sequoia Financial Advisors LLC’s holdings in HF Sinclair were worth $542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in HF Sinclair in the fourth quarter worth about $26,000. REAP Financial Group LLC purchased a new stake in HF Sinclair in the fourth quarter worth about $29,000. Nalls Sherbakoff Group LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at approximately $36,000. Fairway Wealth LLC bought a new stake in HF Sinclair during the 1st quarter valued at $41,000. Finally, State of Wyoming bought a new stake in HF Sinclair during the second quarter valued at about $41,000. Institutional investors own 88.29% of the company’s stock.
HF Sinclair Stock Performance
NYSE:DINO opened at $90.47 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $72.14 and its 200-day moving average price is $61.94. HF Sinclair Corporation has a twelve month low of $42.16 and a twelve month high of $91.45. The company has a market cap of $16.31 billion, a P/E ratio of 13.60 and a beta of 0.72.
HF Sinclair Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, May 11th. HF Sinclair’s payout ratio is presently 30.08%.
Insider Transactions at HF Sinclair
In other HF Sinclair news, CFO Vivek Garg sold 717 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the transaction, the chief financial officer owned 11,475 shares of the company’s stock, valued at $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $69.05, for a total transaction of $690,500.00. Following the transaction, the executive vice president directly owned 43,098 shares of the company’s stock, valued at $2,975,916.90. The trade was a 18.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,736 shares of company stock valued at $954,694 in the last ninety days. 0.26% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
DINO has been the topic of several analyst reports. Evercore initiated coverage on shares of HF Sinclair in a report on Friday. They issued an “in-line” rating and a $85.00 price target on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $81.00 price target on shares of HF Sinclair in a report on Wednesday, May 6th. TD Cowen reduced their price objective on HF Sinclair from $80.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, June 29th. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Wells Fargo & Company upped their price target on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.17.
Check Out Our Latest Research Report on DINO
HF Sinclair Company Profile
HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.
The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.
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