Aviance Capital Partners LLC Has $1.10 Million Holdings in HF Sinclair Co. (NYSE:DINO)

Aviance Capital Partners LLC increased its position in shares of HF Sinclair Co. (NYSE:DINO) by 7.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,272 shares of the company’s stock after purchasing an additional 1,220 shares during the period. Aviance Capital Partners LLC’s holdings in HF Sinclair were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of HF Sinclair in the first quarter valued at approximately $210,000. AMF Tjanstepension AB acquired a new position in HF Sinclair in the 1st quarter valued at $13,898,000. Riverview Trust Co bought a new stake in shares of HF Sinclair during the 1st quarter valued at $31,000. Capital Advisors Wealth Management LLC grew its holdings in shares of HF Sinclair by 2.4% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock worth $491,000 after purchasing an additional 190 shares in the last quarter. Finally, Unison Advisors LLC increased its position in shares of HF Sinclair by 0.8% in the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock worth $1,298,000 after purchasing an additional 179 shares during the period. Institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

DINO has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. Scotiabank increased their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Argus upgraded shares of HF Sinclair to a “hold” rating in a research report on Wednesday, June 26th. Piper Sandler reduced their target price on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Finally, Bank of America raised HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus price target of $64.42.

Insider Buying and Selling

In other news, Director Franklin Myers purchased 6,500 shares of the business’s stock in a transaction on Monday, May 20th. The shares were acquired at an average price of $57.37 per share, with a total value of $372,905.00. Following the completion of the transaction, the director now owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

HF Sinclair Price Performance

DINO stock opened at $53.36 on Tuesday. The company has a market capitalization of $10.25 billion, a P/E ratio of 6.60 and a beta of 1.20. The company has a fifty day moving average price of $54.95 and a 200-day moving average price of $56.54. 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 Co. has a 52-week low of $43.29 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.16. The business had revenue of $7.03 billion during 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%. HF Sinclair’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same period last year, the company earned $2.00 EPS. As a group, equities analysts expect that HF Sinclair Co. will post 5.64 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were paid 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 dividend payout ratio is currently 24.75%.

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.