HF Sinclair Corporation $DINO Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC cut its holdings in HF Sinclair Corporation (NYSE:DINO) by 4.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 262,832 shares of the company’s stock after selling 11,133 shares during the period. Sound Income Strategies LLC’s holdings in HF Sinclair were worth $12,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DINO. Quent Capital LLC acquired a new stake in HF Sinclair in the third quarter valued at $28,000. State of Wyoming acquired a new stake in HF Sinclair in the second quarter valued at $41,000. CI Investments Inc. raised its stake in HF Sinclair by 20.0% in the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after buying an additional 187 shares in the last quarter. Delos Wealth Advisors LLC acquired a new stake in shares of HF Sinclair during the second quarter worth about $70,000. Finally, CoreFirst Bank & Trust acquired a new stake in shares of HF Sinclair during the second quarter worth about $73,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DINO shares. Argus upgraded HF Sinclair to a “hold” rating in a research report on Tuesday, February 24th. Barclays cut their target price on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Wells Fargo & Company lifted their target price on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research report on Friday, March 27th. Finally, Morgan Stanley set a $57.00 target price on HF Sinclair in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Hold” and an average price target of $61.00.

HF Sinclair Stock Performance

Shares of DINO stock opened at $61.08 on Tuesday. The stock has a market capitalization of $11.01 billion, a PE ratio of 19.90 and a beta of 0.70. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $64.70. The stock’s 50-day moving average price is $56.37 and its 200 day moving average price is $52.97. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.37. The firm had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.02) EPS. As a group, equities research analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.3%. The ex-dividend date was Monday, March 2nd. HF Sinclair’s payout ratio is 65.15%.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.