Wealth Enhancement Advisory Services LLC Has $835,000 Stake in HF Sinclair Co. (NYSE:DINO)

Wealth Enhancement Advisory Services LLC reduced its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 67.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,724 shares of the company's stock after selling 39,535 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in HF Sinclair were worth $835,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DINO. Pacer Advisors Inc. boosted its position in shares of HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company's stock worth $415,249,000 after buying an additional 2,868,273 shares during the period. AQR Capital Management LLC boosted its position in shares of HF Sinclair by 54.9% during the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock worth $147,873,000 after buying an additional 997,629 shares during the period. Vanguard Group Inc. boosted its position in shares of HF Sinclair by 3.8% during the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company's stock worth $1,141,633,000 after buying an additional 696,031 shares during the period. Janus Henderson Group PLC boosted its position in shares of HF Sinclair by 15,066.7% during the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company's stock worth $40,168,000 after buying an additional 660,978 shares during the period. Finally, Ferguson Wellman Capital Management Inc. acquired a new position in shares of HF Sinclair during the second quarter worth approximately $33,177,000. 88.29% of the stock is owned by institutional investors.

Insider Activity

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the transaction, the director now directly owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by company insiders.

HF Sinclair Stock Down 1.8 %

Shares of HF Sinclair stock traded down $0.76 on Thursday, hitting $41.53. 1,788,433 shares of the company traded hands, compared to its average volume of 2,041,787. The company has a 50-day moving average price of $44.65 and a 200 day moving average price of $49.48. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12-month low of $38.25 and a 12-month high of $64.16. The company has a market cap of $7.81 billion, a PE ratio of 25.64 and a beta of 1.18.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company had revenue of $7.21 billion during the quarter, compared to analysts' expectations of $7.11 billion. During the same period in the prior year, the company earned $4.06 earnings per share. The business's quarterly revenue was down 19.1% compared to the same quarter last year. Sell-side analysts predict that HF Sinclair Co. will post 2.34 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair's dividend payout ratio is currently 123.46%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on DINO shares. Wolfe Research started coverage on HF Sinclair in a research report on Thursday, July 18th. They set a "peer perform" rating for the company. Piper Sandler cut their target price on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. cut their target price on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating for the company in a research report on Wednesday, October 2nd. UBS Group dropped their price target on HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a report on Monday. Finally, Barclays dropped their price target on HF Sinclair from $53.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, October 7th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $54.45.

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.