PFS Partners LLC Has $125,000 Stake in HF Sinclair Co. (NYSE:DINO)

PFS Partners LLC reduced its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 53.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,797 shares of the company’s stock after selling 3,246 shares during the quarter. PFS Partners LLC’s holdings in HF Sinclair were worth $125,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Assetmark Inc. boosted its position in HF Sinclair by 2.3% during the third quarter. Assetmark Inc. now owns 99,683 shares of the company’s stock worth $4,443,000 after purchasing an additional 2,287 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of HF Sinclair during the 3rd quarter worth about $273,000. Easterly Investment Partners LLC boosted its holdings in shares of HF Sinclair by 33.1% during the 3rd quarter. Easterly Investment Partners LLC now owns 30,691 shares of the company’s stock worth $1,368,000 after buying an additional 7,641 shares during the period. Capital Performance Advisors LLP acquired a new position in HF Sinclair in the 3rd quarter valued at about $27,000. Finally, Keynote Financial Services LLC grew its stake in HF Sinclair by 32.4% in the 3rd quarter. Keynote Financial Services LLC now owns 15,029 shares of the company’s stock valued at $670,000 after buying an additional 3,675 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $41.81 on Friday. The company has a market cap of $7.87 billion, a P/E ratio of 25.81 and a beta of 1.18. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The business has a 50-day moving average price of $44.39 and a two-hundred day moving average price of $49.32. HF Sinclair Co. has a 1-year low of $38.25 and a 1-year high of $64.16.

HF Sinclair (NYSE:DINO) last released its earnings results 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 return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter last year, the firm posted $4.06 earnings per share. The firm’s revenue was down 19.1% on a year-over-year basis. As a group, analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

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 paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.78%. HF Sinclair’s dividend payout ratio is currently 123.46%.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the transaction, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DINO shares. Morgan Stanley lowered their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Scotiabank cut their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company decreased their price target on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. BMO Capital Markets cut their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, Wolfe Research assumed coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.45.

HF Sinclair Company 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.