Qsemble Capital Management LP Sells 19,072 Shares of HF Sinclair Co. (NYSE:DINO)

Qsemble Capital Management LP trimmed its position in shares of HF Sinclair Co. (NYSE:DINO) by 77.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,461 shares of the company’s stock after selling 19,072 shares during the quarter. Qsemble Capital Management LP’s holdings in HF Sinclair were worth $243,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Advisors LLC bought a new position in shares of HF Sinclair during the first quarter worth $1,146,000. Neo Ivy Capital Management bought a new stake in HF Sinclair in the 2nd quarter valued at $806,000. Janus Henderson Group PLC lifted its position in HF Sinclair by 15,066.7% in the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after acquiring an additional 660,978 shares in the last quarter. Aigen Investment Management LP bought a new stake in HF Sinclair in the 3rd quarter valued at $1,253,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in HF Sinclair by 399.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 58,259 shares of the company’s stock valued at $3,108,000 after acquiring an additional 46,586 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Stock Down 1.9 %

HF Sinclair stock opened at $40.98 on Thursday. The firm has a market capitalization of $7.71 billion, a PE ratio of 25.30 and a beta of 1.18. The company’s 50-day moving average is $43.37 and its 200-day moving average is $48.01. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair’s revenue was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.06 EPS. Sell-side analysts anticipate that HF Sinclair Co. will post 2.35 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.88%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

Analysts Set New Price Targets

Several research firms recently commented on DINO. Mizuho cut their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Piper Sandler lowered their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Wells Fargo & Company lowered their price target on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Morgan Stanley lowered their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered their price target on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.27.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was purchased at an average price of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is currently owned by insiders.

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.