B. Riley Wealth Advisors Inc. Sells 6,655 Shares of HF Sinclair Co. (NYSE:DINO)

B. Riley Wealth Advisors Inc. trimmed its position in shares of HF Sinclair Co. (NYSE:DINO) by 28.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,874 shares of the company’s stock after selling 6,655 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in HF Sinclair were worth $900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of DINO. Rise Advisors LLC purchased a new position in shares of HF Sinclair in the first quarter valued at about $26,000. Riverview Trust Co purchased a new position in shares of HF Sinclair in the first quarter valued at about $31,000. Innealta Capital LLC purchased a new position in shares of HF Sinclair in the second quarter valued at about $34,000. Quarry LP purchased a new position in shares of HF Sinclair in the fourth quarter valued at about $39,000. Finally, Bessemer Group Inc. increased its holdings in shares of HF Sinclair by 201.0% in the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock worth $71,000 after purchasing an additional 782 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Down 2.0 %

Shares of NYSE:DINO opened at $46.74 on Friday. HF Sinclair Co. has a 1 year low of $43.88 and a 1 year high of $64.16. The business has a 50 day simple moving average of $46.89 and a two-hundred day simple moving average of $52.34. The firm has a market capitalization of $8.98 billion, a PE ratio of 5.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. HF Sinclair’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.60 earnings per share. On average, equities analysts predict that HF Sinclair Co. will post 2.84 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.28%. HF Sinclair’s payout ratio is 24.75%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DINO. Mizuho reduced their target price on HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Wells Fargo & Company reduced their price objective on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays boosted their price objective on HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. Finally, Piper Sandler reduced their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $57.82.

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.