HF Sinclair Co. (NYSE:DINO) Shares Sold by Atlas Capital Advisors LLC

Atlas Capital Advisors LLC reduced its position in HF Sinclair Co. (NYSE:DINO) by 54.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,480 shares of the company’s stock after selling 1,735 shares during the quarter. Atlas Capital Advisors LLC’s holdings in HF Sinclair were worth $89,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DINO. Rise Advisors LLC acquired a new position in shares of HF Sinclair during the first quarter worth about $26,000. Principal Securities Inc. acquired a new position in shares of HF Sinclair during the fourth quarter worth about $30,000. Riverview Trust Co acquired a new position in shares of HF Sinclair during the first quarter worth about $31,000. Pingora Partners LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth about $35,000. Finally, Baystate Wealth Management LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth about $37,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Trading Down 1.3 %

NYSE:DINO opened at $53.35 on Thursday. The firm has a market cap of $10.25 billion, a P/E ratio of 6.60 and a beta of 1.25. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26. The stock’s 50 day simple moving average is $55.17 and its 200-day simple moving average is $56.52. HF Sinclair Co. has a 12-month low of $42.34 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $7.54 billion. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 earnings per share. Equities analysts anticipate that HF Sinclair Co. will post 5.68 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Tuesday, May 21st. HF Sinclair’s payout ratio is currently 24.75%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DINO. Scotiabank boosted their target price on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Piper Sandler decreased their target price on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. Mizuho decreased their target price on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Wells Fargo & Company decreased their target price on HF Sinclair from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Finally, Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.75.

Insider Activity

In other HF Sinclair news, Director Franklin Myers acquired 6,500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average price of $57.37 per share, with a total value of $372,905.00. Following the completion of the acquisition, the director now directly owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

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.