HF Sinclair Co. (NYSE:DINO) Shares Sold by Nicollet Investment Management Inc.

Nicollet Investment Management Inc. decreased its position in shares of HF Sinclair Co. (NYSE:DINO) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,622 shares of the company’s stock after selling 381 shares during the quarter. Nicollet Investment Management Inc.’s holdings in HF Sinclair were worth $673,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Unison Advisors LLC raised its position in shares of HF Sinclair by 0.8% during the 1st quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock worth $1,298,000 after buying an additional 179 shares in the last quarter. Capital Advisors Wealth Management LLC raised its holdings in HF Sinclair by 2.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock worth $491,000 after purchasing an additional 190 shares in the last quarter. King Luther Capital Management Corp lifted its position in HF Sinclair by 0.3% in the fourth quarter. King Luther Capital Management Corp now owns 64,018 shares of the company’s stock worth $3,557,000 after purchasing an additional 194 shares during the period. Poehling Capital Management INC. boosted its stake in HF Sinclair by 0.3% during the 1st quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock valued at $3,989,000 after purchasing an additional 203 shares in the last quarter. Finally, Empirical Finance LLC increased its position in shares of HF Sinclair by 1.2% during the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after purchasing an additional 228 shares during the period. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $46.29 on Wednesday. The company’s fifty day moving average is $48.25 and its two-hundred day moving average is $53.72. The company has a market cap of $8.89 billion, a P/E ratio of 5.73 and a beta of 1.18. HF Sinclair Co. has a 12-month low of $44.09 and a 12-month high of $64.16. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period in the previous year, the firm earned $2.60 earnings per share. HF Sinclair’s quarterly revenue was up .2% on a year-over-year basis. Equities analysts expect that HF Sinclair Co. will post 3.69 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.32%. HF Sinclair’s payout ratio is 24.75%.

Analyst Ratings Changes

Several analysts have recently weighed in on DINO shares. UBS Group cut their price objective on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Wells Fargo & Company cut their price target on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Barclays lifted their price objective on shares of HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Finally, Piper Sandler decreased their price target on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.