HF Sinclair Corporation $DINO Shares Sold by Inspire Investing LLC

Key Points

• Inspire Investing LLC cut its HF Sinclair position by 76.5% in the third quarter, selling 35,386 shares and retaining 10,848 shares worth approximately $1.16 million. Institutional investors collectively own 88.29% of the company.
• HF Sinclair reported quarterly earnings of $5.31 per share, exceeding estimates of $4.49, while revenue rose 53.2% year over year to $10.39 billion.
• Analyst sentiment remains moderately bullish, with a consensus rating of “Moderate Buy” and a $107.50 target price; the stock recently opened at $125.40, near its 12-month high of $129.37.

Inspire Investing LLC decreased its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 76.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,848 shares of the company's stock after selling 35,386 shares during the period. Inspire Investing LLC's holdings in HF Sinclair were worth $1,164,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of HF Sinclair during the second quarter valued at about $1,291,602,000. Counterpoint Mutual Funds LLC acquired a new stake in HF Sinclair during the 3rd quarter worth approximately $9,191,000. Amundi grew its holdings in HF Sinclair by 12.7% during the 2nd quarter. Amundi now owns 309,993 shares of the company's stock worth $21,591,000 after acquiring an additional 35,049 shares during the last quarter. Energy Income Partners LLC bought a new stake in HF Sinclair during the 2nd quarter worth approximately $5,210,000. Finally, State of Wyoming bought a new stake in HF Sinclair during the 2nd quarter worth approximately $859,000. Institutional investors own 88.29% of the company's stock.

Insider Activity at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares of the company's stock, valued at $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is owned by corporate insiders.

HF Sinclair Stock Performance

Shares of DINO opened at $125.40 on Tuesday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 12.62 and a beta of 0.72. The stock has a 50 day moving average of $109.76 and a 200 day moving average of $76.55. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $129.37.

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, topping the consensus estimate of $4.49 by $0.82. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company's revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.10 earnings per share. As a group, sell-side analysts forecast that HF Sinclair Corporation will post 19.22 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on HF Sinclair from $114.00 to $142.00 and gave the stock a "buy" rating in a research report on Friday, October 9th. Freedom Capital lowered shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of HF Sinclair from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Wells Fargo & Company upped their price objective on shares of HF Sinclair from $93.00 to $135.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 14th. Finally, Zacks Research raised shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $107.50.

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.

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