12,800 HF Sinclair Corporation $DINO Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 41.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,841 shares of the company’s stock after selling 12,800 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in HF Sinclair were worth $1,915,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Reyes Financial Architecture Inc. acquired a new stake in shares of HF Sinclair in the third quarter worth approximately $29,000. Bullock Wealth Management Group purchased a new stake in HF Sinclair in the third quarter valued at approximately $41,000. Clearstead Trust LLC purchased a new stake in HF Sinclair in the second quarter valued at approximately $33,000. Fortitude Family Office LLC increased its position in HF Sinclair by 112.6% during the third quarter. Fortitude Family Office LLC now owns 674 shares of the company’s stock worth $72,000 after purchasing an additional 357 shares during the last quarter. Finally, Main Street Group LTD acquired a new position in HF Sinclair during the first quarter worth approximately $54,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares in the company, valued at $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.26% of the stock is currently owned by company insiders.

HF Sinclair Stock Performance

NYSE DINO opened at $115.01 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.27 and a quick ratio of 1.10. HF Sinclair Corporation has a 1-year low of $45.71 and a 1-year high of $129.37. The firm has a market capitalization of $19.71 billion, a P/E ratio of 5.84 and a beta of 0.72. The business’s 50-day simple moving average is $111.90 and its 200-day simple moving average is $78.21.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, October 28th. The company reported $11.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.83 by $3.92. The firm had revenue of $10.86 billion during the quarter, compared to the consensus estimate of $8.89 billion. HF Sinclair had a net margin of 10.12% and a return on equity of 32.95%. The company’s revenue was up 49.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.44 EPS. Equities analysts predict that HF Sinclair Corporation will post 21.09 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, November 12th. HF Sinclair’s payout ratio is 10.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Raymond James Financial set a $150.00 price target on shares of HF Sinclair in a research note on Wednesday. UBS Group boosted their price objective on shares of HF Sinclair from $126.00 to $133.00 and gave the company a “buy” rating in a research note on Saturday, October 3rd. Morgan Stanley upped their price objective on HF Sinclair from $78.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, September 14th. Weiss Ratings raised HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, TD Cowen increased their target price on HF Sinclair from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Thursday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $115.75.

HF Sinclair Company 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.