Qsemble Capital Management LP Sells 19,072 Shares of HF Sinclair Co. (NYSE:DINO)

Qsemble Capital Management LP decreased its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 77.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,461 shares of the company's stock after selling 19,072 shares during the period. Qsemble Capital Management LP's holdings in HF Sinclair were worth $243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DINO. Hancock Whitney Corp lifted its position in HF Sinclair by 8.5% in the 3rd quarter. Hancock Whitney Corp now owns 12,666 shares of the company's stock worth $565,000 after buying an additional 993 shares during the last quarter. DRW Securities LLC raised its stake in shares of HF Sinclair by 27.0% during the third quarter. DRW Securities LLC now owns 57,161 shares of the company's stock worth $2,548,000 after acquiring an additional 12,161 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of HF Sinclair by 7.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,100 shares of the company's stock worth $539,000 after acquiring an additional 800 shares during the last quarter. Crewe Advisors LLC purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at $351,000. Finally, Cerity Partners LLC grew its holdings in shares of HF Sinclair by 53.4% during the 3rd quarter. Cerity Partners LLC now owns 31,551 shares of the company's stock valued at $1,406,000 after purchasing an additional 10,988 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

Insider Buying and Selling

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

HF Sinclair Trading Down 1.9 %

Shares of NYSE:DINO traded down $0.81 on Thursday, hitting $40.98. The company had a trading volume of 1,779,296 shares, compared to its average volume of 2,016,169. The firm's 50-day simple moving average is $43.24 and its two-hundred day simple moving average is $47.96. The firm has a market capitalization of $7.71 billion, a price-to-earnings ratio of 25.30 and a beta of 1.18. 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 1 year low of $38.25 and a 1 year high of $64.16.

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

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.88%. HF Sinclair's payout ratio is 123.46%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Mizuho cut their price target on shares of HF Sinclair from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. dropped their target price on HF Sinclair from $60.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, October 2nd. Barclays decreased their price target on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Monday, November 11th. Wells Fargo & Company dropped their price objective on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday, October 9th. Finally, Morgan Stanley decreased their target price on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.