Envestnet Asset Management Inc. Sells 1,592 Shares of HF Sinclair Co. (NYSE:DINO)

Envestnet Asset Management Inc. decreased its stake in HF Sinclair Co. (NYSE:DINO – Get Rating) by 4.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,621 shares of the company’s stock after selling 1,592 shares during the period. Envestnet Asset Management Inc.’s holdings in HF Sinclair were worth $1,745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DINO. Red Tortoise LLC purchased a new stake in HF Sinclair in the fourth quarter worth approximately $25,000. U.S. Capital Wealth Advisors LLC bought a new position in shares of HF Sinclair during the 4th quarter valued at $26,000. Gladius Capital Management LP purchased a new position in HF Sinclair in the 4th quarter worth $33,000. Parkside Financial Bank & Trust bought a new stake in HF Sinclair in the first quarter worth $36,000. Finally, Lansing Street Advisors purchased a new stake in HF Sinclair during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 87.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DINO. TD Cowen lowered their target price on HF Sinclair from $50.00 to $44.00 and set a “market perform” rating for the company in a research note on Friday, May 5th. Mizuho dropped their price target on shares of HF Sinclair from $69.00 to $56.00 in a research report on Friday. Piper Sandler cut their price target on shares of HF Sinclair from $73.00 to $59.00 in a report on Thursday. UBS Group started coverage on shares of HF Sinclair in a research note on Wednesday, March 8th. They set a “neutral” rating and a $58.00 price objective for the company. Finally, Wells Fargo & Company raised HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 target price on the stock in a research note on Thursday, March 16th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and an average price target of $59.33.

Insider Transactions at HF Sinclair

In other HF Sinclair news, major shareholder Carol Orme Holding sold 4,000,000 shares of HF Sinclair stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $47.59, for a total transaction of $190,360,000.00. Following the completion of the transaction, the insider now owns 34,853,483 shares in the company, valued at $1,658,677,255.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Carol Orme Holding sold 4,000,000 shares of the stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $47.59, for a total transaction of $190,360,000.00. Following the sale, the insider now directly owns 34,853,483 shares of the company’s stock, valued at approximately $1,658,677,255.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Jennings sold 50,000 shares of HF Sinclair stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the completion of the transaction, the chief executive officer now directly owns 182,859 shares of the company’s stock, valued at $9,336,780.54. The disclosure for this sale can be found here. Insiders own 0.35% of the company’s stock.

HF Sinclair Stock Down 1.0 %

Shares of NYSE:DINO opened at $41.35 on Monday. The firm has a market capitalization of $7.95 billion, a P/E ratio of 2.83, a P/E/G ratio of 2.63 and a beta of 1.42. The stock has a 50 day moving average price of $44.81 and a 200-day moving average price of $51.38. HF Sinclair Co. has a 52-week low of $37.12 and a 52-week high of $66.19. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.00 and a current ratio of 2.10.

HF Sinclair (NYSE:DINO – Get Rating) last issued its quarterly earnings results on Thursday, May 4th. The company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.52. HF Sinclair had a net margin of 8.13% and a return on equity of 32.56%. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $6.97 billion. During the same period last year, the business earned $0.99 EPS. HF Sinclair’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that HF Sinclair Co. will post 7.67 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Thursday, May 18th will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.35%. HF Sinclair’s dividend payout ratio is currently 12.34%.

About HF Sinclair

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HF Sinclair Corp. is an independent energy company. It manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt. The company operates through five segments: Refining, Marketing, Renewables, Lubricants and Specialty Products, and Midstream.