Aventail Capital Group LP Sells 109,748 Shares of HF Sinclair Corporation $DINO

Aventail Capital Group LP lowered its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 55.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 86,998 shares of the company’s stock after selling 109,748 shares during the quarter. Aventail Capital Group LP’s holdings in HF Sinclair were worth $4,009,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kingsview Wealth Management LLC grew its holdings in shares of HF Sinclair by 1,451.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock valued at $2,827,000 after purchasing an additional 57,391 shares during the last quarter. Citigroup Inc. grew its holdings in shares of HF Sinclair by 41.4% during the 3rd quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock valued at $23,298,000 after purchasing an additional 130,338 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in HF Sinclair in the 4th quarter worth $6,194,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in HF Sinclair in the 4th quarter worth $1,717,000. Finally, Dimensional Fund Advisors LP grew its holdings in HF Sinclair by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after acquiring an additional 560,194 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.0%

Shares of DINO opened at $65.91 on Thursday. The firm’s 50-day moving average price is $66.61 and its 200-day moving average price is $57.75. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 9.91 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. HF Sinclair Corporation has a 1-year low of $40.09 and a 1-year high of $74.72.

HF Sinclair (NYSE:DINO) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.27) EPS. Sell-side analysts anticipate that HF Sinclair Corporation will post 8.99 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. HF Sinclair’s payout ratio is presently 30.08%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DINO shares. Argus raised shares of HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Wells Fargo & Company raised their price target on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Scotiabank raised their price target on shares of HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.64.

Insider Activity

In related news, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the transaction, the senior vice president directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. This trade represents a 13.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the transaction, the director directly owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This trade represents a 3.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 13,736 shares of company stock worth $954,694. 0.26% of the stock is owned by company insiders.

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.