12,400 HF Sinclair Corporation $DINO Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its position in shares of HF Sinclair Corporation (NYSE:DINO) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 126,700 shares of the company’s stock after selling 12,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in HF Sinclair were worth $13,597,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in HF Sinclair in the 2nd quarter valued at about $1,291,602,000. Bank of New York Mellon Corp acquired a new position in shares of HF Sinclair in the 2nd quarter valued at approximately $140,654,000. NFJ Investment Group LLC bought a new stake in shares of HF Sinclair during the 2nd quarter worth approximately $97,422,000. Bank of America Corp DE bought a new stake in shares of HF Sinclair during the 2nd quarter worth approximately $89,846,000. Finally, First Trust Advisors LP lifted its holdings in shares of HF Sinclair by 161.5% during the 1st quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock worth $64,702,000 after acquiring an additional 640,455 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president owned 42,561 shares of the company’s stock, valued at $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 available through this hyperlink. Insiders own 0.26% of the company’s stock.

HF Sinclair Stock Up 0.0%

DINO stock opened at $115.01 on Monday. The stock has a market capitalization of $19.71 billion, a P/E ratio of 5.84 and a beta of 0.73. The company has a current ratio of 2.27, a quick ratio of 1.40 and a debt-to-equity ratio of 0.24. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $129.37. The firm has a 50-day moving average price of $111.90 and a 200-day moving average price of $78.21.

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

HF Sinclair Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently issued reports on DINO. UBS Group increased their price target on shares of HF Sinclair from $126.00 to $133.00 and gave the stock a “buy” rating in a research report on Saturday, October 3rd. Barclays boosted their price objective on shares of HF Sinclair from $86.00 to $122.00 and gave the company an “equal weight” rating in a research report on Monday, October 12th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Piper Sandler began coverage on HF Sinclair in a report on Tuesday, October 27th. They issued an “overweight” rating and a $152.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.