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

Arkfeld Wealth Strategies L.L.C. cut its position in shares of HF Sinclair Corporation (NYSE:DINO) by 19.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 204,477 shares of the company’s stock after selling 50,033 shares during the quarter. HF Sinclair accounts for 4.2% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 7th biggest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in HF Sinclair were worth $11,917,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $26,000. REAP Financial Group LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at $29,000. Nalls Sherbakoff Group LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at $36,000. IFC & Insurance Marketing Inc. bought a new position in shares of HF Sinclair during the 4th quarter worth about $43,000. Finally, State of Wyoming bought a new position in shares of HF Sinclair during the 2nd quarter worth about $41,000. 88.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DINO. Zacks Research lowered HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Wells Fargo & Company boosted their price target on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. Barclays upped their price target on HF Sinclair from $61.00 to $71.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Freedom Capital upgraded HF Sinclair to a “hold” rating in a research note on Friday, June 5th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $81.00 price objective on shares of HF Sinclair in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $71.64.

HF Sinclair Stock Performance

HF Sinclair stock opened at $65.85 on Tuesday. The stock has a 50-day simple moving average of $67.00 and a 200 day simple moving average of $58.01. The stock has a market capitalization of $11.87 billion, a price-to-earnings ratio of 9.90 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. HF Sinclair Corporation has a 12-month low of $40.09 and a 12-month high of $74.72.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.27) EPS. On average, research analysts anticipate that HF Sinclair Corporation will post 8.9 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s payout ratio is 30.08%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the sale, the director owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the transaction, the chief financial officer owned 11,475 shares in the company, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,736 shares of company stock valued at $954,694 over the last 90 days. Company insiders own 0.26% of the company’s stock.

HF Sinclair Company Profile

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.