HF Sinclair Co. (NYSE:DINO) Shares Sold by Millennium Management LLC

Millennium Management LLC trimmed its stake in shares of HF Sinclair Co. (NYSE:DINO) by 45.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 518,473 shares of the company’s stock after selling 436,343 shares during the period. Millennium Management LLC’s holdings in HF Sinclair were worth $27,655,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in HF Sinclair in the 1st quarter valued at about $26,000. Riverview Trust Co purchased a new stake in shares of HF Sinclair in the first quarter valued at approximately $31,000. Innealta Capital LLC acquired a new position in HF Sinclair during the second quarter worth $34,000. Quarry LP purchased a new position in shares of HF Sinclair in the 4th quarter valued at about $39,000. Finally, Bessemer Group Inc. increased its stake in HF Sinclair by 201.0% in the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock valued at $71,000 after purchasing an additional 782 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Up 6.3 %

Shares of HF Sinclair stock opened at $47.69 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. HF Sinclair Co. has a 1-year low of $43.88 and a 1-year high of $64.16. The business’s fifty day moving average price is $46.97 and its two-hundred day moving average price is $52.42. The company has a market capitalization of $9.16 billion, a P/E ratio of 5.90 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.60 earnings per share. As a group, research analysts forecast that HF Sinclair Co. will post 2.84 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.19%. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Morgan Stanley reduced their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research note on Monday, September 16th. Argus raised shares of HF Sinclair to a “hold” rating in a research report on Wednesday, June 26th. Wolfe Research assumed coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Piper Sandler cut their target price 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. Finally, Wells Fargo & Company reduced their price target on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.91.

HF Sinclair 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.