Aviance Capital Partners LLC Sells 16,105 Shares of HF Sinclair Corporation $DINO

Aviance Capital Partners LLC lowered its position in shares of HF Sinclair Corporation (NYSE:DINO) by 30.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,110 shares of the company’s stock after selling 16,105 shares during the period. Aviance Capital Partners LLC’s holdings in HF Sinclair were worth $2,315,000 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. V Square Quantitative Management LLC purchased a new stake in HF Sinclair in the fourth quarter worth about $26,000. REAP Financial Group LLC purchased a new position in HF Sinclair during the 4th quarter valued at about $29,000. Fairway Wealth LLC bought a new stake in shares of HF Sinclair in the 1st quarter valued at about $41,000. Nalls Sherbakoff Group LLC bought a new stake in shares of HF Sinclair in the 4th quarter valued at about $36,000. Finally, Main Street Group LTD purchased a new stake in shares of HF Sinclair in the 1st quarter worth approximately $54,000. 88.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the transaction, the senior vice president directly owned 14,797 shares in the company, valued at $1,031,794.81. The trade was a 13.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rhoman J. Hardy bought 1,508 shares of HF Sinclair stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the transaction, the director directly owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 13,736 shares of company stock worth $954,694. Company insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DINO shares. Evercore began coverage on shares of HF Sinclair in a research note on Friday. They set a “hold” rating and a $85.00 price objective on the stock. Scotiabank boosted their price objective on shares of HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group restated a “buy” rating and set a $81.00 target price on shares of HF Sinclair in a report on Wednesday, May 6th. Barclays increased their target price on HF Sinclair from $71.00 to $81.00 and gave the company an “equal weight” rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company lifted their price target on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.17.

HF Sinclair Trading Up 2.0%

NYSE DINO opened at $88.56 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The firm has a market cap of $15.96 billion, a PE ratio of 13.32 and a beta of 0.72. The company has a 50 day moving average price of $71.79 and a 200 day moving average price of $61.52. HF Sinclair Corporation has a 52 week low of $42.16 and a 52 week high of $88.74.

HF Sinclair (NYSE:DINO) last posted its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. HF Sinclair’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.27) earnings per share. As a group, sell-side analysts forecast that HF Sinclair Corporation will post 10.27 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, May 11th. HF Sinclair’s dividend payout ratio is currently 30.08%.

About HF Sinclair

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.