HF Sinclair Corporation $DINO Shares Sold by Adams Asset Advisors LLC

Adams Asset Advisors LLC decreased its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 6.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 228,380 shares of the company’s stock after selling 15,462 shares during the quarter. HF Sinclair makes up 2.3% of Adams Asset Advisors LLC’s investment portfolio, making the stock its 10th largest position. Adams Asset Advisors LLC’s holdings in HF Sinclair were worth $24,510,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of HF Sinclair in the 2nd quarter valued at approximately $1,291,602,000. Bank of New York Mellon Corp bought a new position in HF Sinclair during the second quarter valued at approximately $140,654,000. NFJ Investment Group LLC lifted its stake in HF Sinclair by 1,275.3% in the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after acquiring an additional 1,737,318 shares during the last quarter. Bank of America Corp DE acquired a new stake in HF Sinclair in the second quarter valued at approximately $89,846,000. Finally, First Trust Advisors LP grew its position in HF Sinclair by 161.5% in the first 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 in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. This represents a 17.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DINO. Evercore started coverage on shares of HF Sinclair in a research note on Friday, July 17th. They set an “in-line” rating and a $85.00 price target on the stock. Morgan Stanley lifted their price objective on shares of HF Sinclair from $78.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, September 14th. Raymond James Financial increased their target price on shares of HF Sinclair from $105.00 to $140.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 14th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, TD Cowen boosted their price target on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Two 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’s stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $97.67.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded up $5.00 on Thursday, reaching $120.63. The stock had a trading volume of 2,431,127 shares, compared to its average volume of 2,694,082. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The business’s 50-day moving average price is $101.24 and its two-hundred day moving average price is $80.83. The stock has a market cap of $21.45 billion, a P/E ratio of 11.51 and a beta of 0.72. HF Sinclair Corporation has a fifty-two week low of $45.71 and a fifty-two week high of $120.83.

HF Sinclair (NYSE:DINO) last posted its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. HF Sinclair’s revenue was up 53.2% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS. On average, sell-side analysts forecast that HF Sinclair Corporation will post 18.15 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were given a dividend of $0.5250 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is presently 20.04%.

HF Sinclair Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.