True Wealth Design LLC Reduces Holdings in HF Sinclair Co. (NYSE:DINO)

True Wealth Design LLC reduced its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 96.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 590 shares of the company's stock after selling 14,130 shares during the quarter. True Wealth Design LLC's holdings in HF Sinclair were worth $26,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Verition Fund Management LLC lifted its holdings in shares of HF Sinclair by 687.6% in the 3rd quarter. Verition Fund Management LLC now owns 100,220 shares of the company's stock valued at $4,467,000 after buying an additional 87,495 shares during the period. Captrust Financial Advisors increased its stake in shares of HF Sinclair by 14.2% in the 3rd quarter. Captrust Financial Advisors now owns 18,475 shares of the company's stock valued at $823,000 after purchasing an additional 2,297 shares in the last quarter. Martingale Asset Management L P increased its stake in shares of HF Sinclair by 23.1% in the 3rd quarter. Martingale Asset Management L P now owns 187,115 shares of the company's stock valued at $8,340,000 after purchasing an additional 35,058 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of HF Sinclair by 21.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 861,710 shares of the company's stock valued at $38,406,000 after purchasing an additional 153,148 shares in the last quarter. Finally, FORA Capital LLC purchased a new position in shares of HF Sinclair in the 3rd quarter valued at about $1,091,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.28% of the company's stock.

HF Sinclair Stock Performance

Shares of DINO stock traded down $1.10 during mid-day trading on Tuesday, hitting $40.47. 1,382,838 shares of the stock were exchanged, compared to its average volume of 2,006,298. The stock's fifty day simple moving average is $42.97 and its two-hundred day simple moving average is $47.49. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 24.98 and a beta of 1.20. HF Sinclair Co. has a 12-month low of $38.25 and a 12-month high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the company posted $4.06 earnings per share. The business's quarterly revenue was down 19.1% compared to the same quarter last year. On average, analysts forecast that HF Sinclair Co. will post 2.35 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.94%. HF Sinclair's dividend payout ratio (DPR) is 123.46%.

Analyst Upgrades and Downgrades

DINO has been the subject of several research reports. Scotiabank cut their price objective on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Wells Fargo & Company dropped their price target on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating for the company in a research report on Wednesday, October 9th. Mizuho decreased their price objective on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Morgan Stanley decreased their price objective on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. Finally, UBS Group decreased their price target on HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $54.27.

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.