53,798 HF Sinclair Corporation $DINO Shares Sold by Arkfeld Wealth Strategies L.L.C.

Arkfeld Wealth Strategies L.L.C. reduced its stake in HF Sinclair Corporation (NYSE:DINO) by 28.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,176 shares of the company’s stock after selling 53,798 shares during the period. HF Sinclair accounts for approximately 4.0% of Arkfeld Wealth Strategies L.L.C.’s holdings, making the stock its 4th largest holding. Arkfeld Wealth Strategies L.L.C. owned about 0.07% of HF Sinclair worth $15,284,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. bought a new stake in HF Sinclair in the 2nd quarter valued at approximately $1,291,602,000. Bank of New York Mellon Corp bought a new position in shares of HF Sinclair during the 2nd quarter worth approximately $140,654,000. NFJ Investment Group LLC acquired a new stake in shares of HF Sinclair in the second quarter valued at approximately $97,422,000. Bank of America Corp DE acquired a new stake in shares of HF Sinclair in the second quarter valued at approximately $89,846,000. Finally, First Trust Advisors LP raised its holdings in shares of HF Sinclair by 161.5% in the first quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock valued at $64,702,000 after purchasing an additional 640,455 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DINO shares. Weiss Ratings upgraded shares of HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Freedom Capital cut shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Evercore began coverage on HF Sinclair in a report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price objective for the company. Mizuho lifted their price target on HF Sinclair from $85.00 to $119.00 and gave the stock a “neutral” rating in a report on Thursday, October 8th. Finally, The Goldman Sachs Group boosted their target price on HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded up $0.55 on Monday, hitting $125.84. The stock had a trading volume of 830,841 shares, compared to its average volume of 2,670,378. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $129.37. The business’s 50 day moving average is $106.50 and its two-hundred day moving average is $83.92. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The stock has a market cap of $22.37 billion, a price-to-earnings ratio of 12.00 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last announced its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The company had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%. The firm’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. Analysts forecast that HF Sinclair Corporation will post 18.15 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were paid a $0.5250 dividend. 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. The ex-dividend date was Tuesday, August 11th. HF Sinclair’s dividend payout ratio is currently 20.04%.

About HF Sinclair

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.