Arkfeld Wealth Strategies L.L.C. Sells 18,503 Shares of HF Sinclair Corporation $DINO

Key Points

• Arkfeld Wealth Strategies reduced its HF Sinclair position by 9%, selling 18,503 shares and retaining 185,974 shares worth approximately $13.85 million. Institutional investors collectively own 88.29% of the company.
• HF Sinclair reported strong quarterly results, with EPS of $5.31 versus $4.49 expected and revenue of $10.39 billion, up 53.2% year over year. The company also raised its quarterly dividend to $0.525 per share, representing a 2.5% yield.
• Analyst sentiment remains mixed, with a consensus rating of “Hold” and an average price target of $81.25, below the reported share price of $85.57.

Arkfeld Wealth Strategies L.L.C. decreased its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 9.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 185,974 shares of the company's stock after selling 18,503 shares during the quarter. HF Sinclair accounts for approximately 4.1% of Arkfeld Wealth Strategies L.L.C.'s holdings, making the stock its 5th biggest holding. Arkfeld Wealth Strategies L.L.C. owned approximately 0.10% of HF Sinclair worth $13,846,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in HF Sinclair in the fourth quarter valued at about $26,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth approximately $29,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth approximately $36,000. Fairway Wealth LLC bought a new position in shares of HF Sinclair in the first quarter valued at approximately $41,000. Finally, State of Wyoming bought a new position in shares of HF Sinclair in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Stock Performance

DINO stock opened at $85.57 on Wednesday. The company has a 50 day moving average price of $77.92 and a 200 day moving average price of $66.37. HF Sinclair Corporation has a fifty-two week low of $43.32 and a fifty-two week high of $94.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The stock has a market capitalization of $15.21 billion, a PE ratio of 8.17 and a beta of 0.70.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts' consensus estimates of $4.49 by $0.82. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business's quarterly revenue was up 53.2% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. Analysts forecast that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.5%. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair's payout ratio is currently 19.08%.

Wall Street Analyst Weigh In

DINO has been the topic of several recent analyst reports. Zacks Research downgraded HF Sinclair from a "strong-buy" rating to a "hold" rating in a report on Friday, June 12th. Mizuho raised their price target on HF Sinclair from $79.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday, August 4th. Freedom Capital downgraded HF Sinclair from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. The Goldman Sachs Group restated a "buy" rating and set a $114.00 target price on shares of HF Sinclair in a report on Wednesday, July 29th. Finally, Wall Street Zen upgraded HF Sinclair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $81.25.

Insiders Place Their Bets

In related news, SVP Matthew Joyce sold 2,384 shares of the firm's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the transaction, the senior vice president owned 14,797 shares in the company, valued at $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vivek Garg sold 717 shares of the business's stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the sale, the chief financial officer directly owned 11,475 shares of the company's stock, valued at $824,937.75. This represents a 5.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,672 shares of company stock valued at $1,710,500 over the last 90 days. Corporate insiders own 0.26% of the company's stock.

HF Sinclair Profile

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.

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