HF Sinclair Co. (NYSE:DINO) Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its holdings in HF Sinclair Co. (NYSE:DINO) by 60.8% in the second quarter, HoldingsChannel reports. The firm owned 26,123 shares of the company’s stock after selling 40,498 shares during the quarter. King Luther Capital Management Corp’s holdings in HF Sinclair were worth $1,393,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in HF Sinclair in the 1st quarter valued at about $26,000. Principal Securities Inc. purchased a new stake in shares of HF Sinclair during the fourth quarter worth approximately $30,000. Riverview Trust Co acquired a new stake in HF Sinclair in the first quarter valued at approximately $31,000. Innealta Capital LLC purchased a new position in HF Sinclair in the second quarter worth approximately $34,000. Finally, Pingora Partners LLC acquired a new position in HF Sinclair during the 4th quarter worth approximately $35,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on DINO shares. Piper Sandler reduced their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday. Morgan Stanley decreased their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. increased their price objective on HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, August 19th. UBS Group decreased their target price on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Finally, Wolfe Research started coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $59.73.

HF Sinclair Stock Performance

Shares of DINO opened at $46.25 on Monday. The company’s 50 day simple moving average is $47.58 and its 200-day simple moving average is $53.13. The firm has a market cap of $8.89 billion, a PE ratio of 5.72 and a beta of 1.18. HF Sinclair Co. has a 12-month low of $44.07 and a 12-month high of $64.16. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same period last year, the firm posted $2.60 EPS. HF Sinclair’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts predict that HF Sinclair Co. will post 3.69 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.32%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is presently 24.75%.

About HF Sinclair

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.