Ferguson Wellman Capital Management Inc. Sells 299,414 Shares of HF Sinclair Co. (NYSE:DINO)

Ferguson Wellman Capital Management Inc. decreased its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 48.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 322,576 shares of the company's stock after selling 299,414 shares during the period. Ferguson Wellman Capital Management Inc. owned approximately 0.17% of HF Sinclair worth $14,377,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DINO. Goldman Sachs Group Inc. increased its position in shares of HF Sinclair by 7.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 590,503 shares of the company's stock valued at $32,814,000 after purchasing an additional 39,637 shares during the period. Vanguard Group Inc. boosted its stake in HF Sinclair by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company's stock worth $1,012,184,000 after purchasing an additional 1,549,091 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of HF Sinclair by 28.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 23,958 shares of the company's stock valued at $1,331,000 after buying an additional 5,290 shares in the last quarter. CWM LLC grew its stake in HF Sinclair by 27.8% during the 1st quarter. CWM LLC now owns 3,395 shares of the company's stock valued at $205,000 after acquiring an additional 739 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in HF Sinclair by 35.5% in the 1st quarter. GAMMA Investing LLC now owns 2,957 shares of the company's stock valued at $179,000 after buying an additional 774 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of DINO stock traded down $0.05 during mid-day trading on Friday, reaching $44.27. The stock had a trading volume of 1,519,163 shares, compared to its average volume of 2,031,642. HF Sinclair Co. has a one year low of $43.17 and a one year high of $64.16. The firm has a market cap of $8.51 billion, a PE ratio of 5.48 and a beta of 1.16. The firm's 50 day simple moving average is $46.26 and its 200 day simple moving average is $51.17. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm had revenue of $7.85 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the business earned $2.60 earnings per share. On average, analysts forecast that HF Sinclair Co. will post 2.65 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid 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 yield of 4.52%. HF Sinclair's payout ratio is currently 24.75%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Argus upgraded shares of HF Sinclair to a "hold" rating in a research note on Wednesday, June 26th. Morgan Stanley dropped their target price on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. Wolfe Research assumed coverage on shares of HF Sinclair in a report on Thursday, July 18th. They set a "peer perform" rating for the company. Scotiabank lowered their price target on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a research report on Thursday, October 10th. Finally, Barclays cut their price objective on HF Sinclair from $53.00 to $44.00 and set an "equal weight" rating for the company in a research 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $55.82.

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.