53,798 HF Sinclair Corporation $DINO Shares Sold by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. lessened its stake in HF Sinclair Corporation (NYSE:DINO) by 28.9% in the third quarter, Holdings Channel reports. The firm owned 132,176 shares of the company’s stock after selling 53,798 shares during the quarter. HF Sinclair accounts for about 4.0% of Arkfeld Wealth Strategies L.L.C.’s investment portfolio, making the stock its 4th largest position. Arkfeld Wealth Strategies L.L.C.’s holdings in HF Sinclair were worth $15,284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Kaufman Rossin Wealth LLC boosted its position in HF Sinclair by 8.7% during the 3rd quarter. Kaufman Rossin Wealth LLC now owns 6,131 shares of the company’s stock worth $658,000 after buying an additional 493 shares during the period. Optivise Advisory Services LLC acquired a new position in HF Sinclair in the 3rd quarter valued at approximately $202,000. Counterpoint Mutual Funds LLC bought a new position in shares of HF Sinclair during the third quarter valued at $9,191,000. USA Financial Formulas bought a new position in shares of HF Sinclair during the third quarter valued at $181,000. Finally, TD Waterhouse Canada Inc. raised its stake in shares of HF Sinclair by 267,609.8% during the third quarter. TD Waterhouse Canada Inc. now owns 326,606 shares of the company’s stock valued at $36,821,000 after acquiring an additional 326,484 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DINO. Freedom Capital cut shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Wells Fargo & Company raised their target price on HF Sinclair from $93.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 14th. The Goldman Sachs Group raised their target price on HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Evercore began coverage on HF Sinclair in a report on Friday, July 17th. They set an “in-line” rating and a $85.00 target price on the stock. Finally, Raymond James Financial upped their price target on HF Sinclair from $105.00 to $140.00 and gave the company a “strong-buy” rating in a research report on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

HF Sinclair Trading Up 0.4%

Shares of NYSE DINO traded up $0.55 during midday trading on Monday, reaching $125.84. The stock had a trading volume of 830,841 shares, compared to its average volume of 2,670,378. The company’s 50 day moving average price is $106.50 and its 200 day moving average price is $83.92. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $129.37. The firm has a market cap of $22.37 billion, a price-to-earnings ratio of 12.00 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. The company had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. HF Sinclair’s revenue for the quarter was up 53.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.10 earnings per share. As a group, sell-side analysts expect that HF Sinclair Corporation will post 18.15 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, August 11th. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

HF Sinclair Profile

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.