HF Sinclair Corporation $DINO Stock: Deroy & Devereaux Private Investment Counsel Inc. Reduces Stake

Deroy & Devereaux Private Investment Counsel Inc. trimmed its position in shares of HF Sinclair Corporation (NYSE:DINO – Free Report) by 44.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,409 shares of the company’s stock after selling 20,110 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in HF Sinclair were worth $2,727,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. acquired a new position in HF Sinclair in the second quarter worth about $1,291,602,000. Dimensional Fund Advisors LP raised its holdings in shares of HF Sinclair by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock worth $577,114,000 after buying an additional 103,135 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of HF Sinclair in the 2nd quarter worth approximately $140,654,000. NFJ Investment Group LLC acquired a new position in shares of HF Sinclair in the 2nd quarter worth approximately $97,422,000. Finally, Bank of America Corp DE bought a new position in shares of HF Sinclair during the 2nd quarter worth approximately $89,846,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $125.40 on Tuesday. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $129.37. The firm has a 50 day moving average of $109.76 and a 200-day moving average of $76.55. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $22.29 billion, a P/E ratio of 11.97 and a beta of 0.72.

HF Sinclair (NYSE:DINO – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. The business had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%. HF Sinclair’s revenue was up 53.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 EPS. As a group, sell-side analysts anticipate that HF Sinclair Corporation will post 19.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on DINO shares. Raymond James Financial boosted their price target on HF Sinclair from $105.00 to $140.00 and gave the company a “strong-buy” rating in a research note on Monday, September 14th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Morgan Stanley increased their price objective on HF Sinclair from $78.00 to $127.00 and gave the stock an “overweight” rating in a research note on Monday, September 14th. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Mizuho boosted their target price on shares of HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $107.50.

Get Our Latest Stock Report on DINO

Insiders Place Their Bets

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by corporate insiders.

HF Sinclair Profile

(Free Report)

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.

Further Reading

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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