B. Riley Wealth Advisors Inc. Sells 5,085 Shares of HF Sinclair Co. (NYSE:DINO)

B. Riley Wealth Advisors Inc. decreased its position in shares of HF Sinclair Co. (NYSE:DINO) by 30.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 11,789 shares of the company’s stock after selling 5,085 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in HF Sinclair were worth $530,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its stake in shares of HF Sinclair by 8.1% in the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after purchasing an additional 626,755 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in HF Sinclair by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after buying an additional 399,988 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in HF Sinclair by 3.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after buying an additional 165,313 shares during the last quarter. AQR Capital Management LLC lifted its stake in HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after acquiring an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd boosted its holdings in shares of HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after acquiring an additional 175,925 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BMO Capital Markets decreased their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. TD Cowen dropped their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday. UBS Group cut their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Morgan Stanley lowered their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Finally, Scotiabank cut their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $51.45.

HF Sinclair Stock Down 3.0 %

NYSE DINO opened at $33.67 on Friday. HF Sinclair Co. has a 52 week low of $33.52 and a 52 week high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $6.34 billion, a P/E ratio of 20.78 and a beta of 1.20. The stock’s 50-day moving average price is $41.06 and its 200-day moving average price is $46.09.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm’s revenue was down 19.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.06 EPS. On average, equities research analysts predict that HF Sinclair Co. will post 2.27 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.94%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio is currently 123.46%.

Insiders Place Their Bets

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 7,000 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the purchase, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The shares were bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 17,000 shares of company stock worth $628,370. Corporate insiders own 0.28% of the company’s stock.

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.