HF Sinclair Corporation $DINO Stock: Aviance Capital Partners LLC Decreases Position

Key Points

• Aviance Capital Partners reduced its HF Sinclair position by 91.2% in the third quarter, selling 32,657 shares and retaining 3,161 shares valued at approximately $339,000. Institutional investors collectively own 88.29% of DINO.
• HF Sinclair reported strong quarterly results, with EPS of $11.75 versus an $7.83 consensus estimate and revenue of $10.86 billion, up 49.7% year over year.
• The company declared a quarterly dividend of $0.525 per share, equating to a $2.10 annualized payout and a 1.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $115.75.

Aviance Capital Partners LLC cut its position in HF Sinclair Corporation (NYSE:DINO - Free Report) by 91.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,161 shares of the company's stock after selling 32,657 shares during the quarter. Aviance Capital Partners LLC's holdings in HF Sinclair were worth $339,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Reyes Financial Architecture Inc. bought a new position in HF Sinclair during the third quarter worth $29,000. Bullock Wealth Management Group acquired a new position in shares of HF Sinclair during the 3rd quarter worth about $41,000. Latitude Advisors LLC acquired a new position in shares of HF Sinclair in the third quarter valued at approximately $40,000. Lynch Investment Planning LLC acquired a new stake in shares of HF Sinclair in the third quarter valued at approximately $49,000. Finally, Clearstead Trust LLC acquired a new position in shares of HF Sinclair during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Trading Up 0.0%

DINO stock opened at $115.01 on Monday. The company has a quick ratio of 1.40, a current ratio of 2.27 and a debt-to-equity ratio of 0.24. The firm's fifty day simple moving average is $111.90 and its two-hundred day simple moving average is $78.21. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $129.37. The stock has a market capitalization of $19.71 billion, a price-to-earnings ratio of 5.84 and a beta of 0.73.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 EPS for the quarter, topping the consensus estimate of $7.83 by $3.92. HF Sinclair had a return on equity of 32.95% and a net margin of 10.12%. The company had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $8.89 billion. During the same period last year, the business posted $2.44 EPS. HF Sinclair's quarterly revenue was up 49.7% on a year-over-year basis. As a group, analysts anticipate that HF Sinclair Corporation will post 21.09 earnings per share for the current year.

HF Sinclair Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of HF Sinclair from $114.00 to $142.00 and gave the stock a "buy" rating in a research report on Friday, October 9th. UBS Group increased their price target on HF Sinclair from $126.00 to $133.00 and gave the company a "buy" rating in a research report on Saturday, October 3rd. Wells Fargo & Company raised their price target on HF Sinclair from $93.00 to $135.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 14th. Weiss Ratings upgraded HF Sinclair from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 8th. Finally, Piper Sandler assumed coverage on shares of HF Sinclair in a research report on Tuesday, October 27th. They set an "overweight" rating and a $152.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $115.75.

Insiders Place Their Bets

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the sale, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.26% of the company's stock.

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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