B. Riley Wealth Advisors Inc. Sells 6,655 Shares of HF Sinclair Co. (NYSE:DINO)

B. Riley Wealth Advisors Inc. decreased its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 28.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,874 shares of the company’s stock after selling 6,655 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in HF Sinclair were worth $900,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rise Advisors LLC bought a new position in HF Sinclair during the 1st quarter valued at approximately $26,000. Riverview Trust Co purchased a new position in shares of HF Sinclair during the 1st quarter worth approximately $31,000. Innealta Capital LLC purchased a new position in shares of HF Sinclair during the 2nd quarter worth approximately $34,000. Quarry LP purchased a new position in shares of HF Sinclair during the 4th quarter worth approximately $39,000. Finally, Bessemer Group Inc. grew its holdings in shares of HF Sinclair by 201.0% during the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock worth $71,000 after acquiring an additional 782 shares during the period. Institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on DINO. JPMorgan Chase & Co. reduced their target price on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday. Wells Fargo & Company reduced their target price on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Piper Sandler reduced their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. BMO Capital Markets reduced their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Argus upgraded HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.82.

HF Sinclair Stock Performance

Shares of DINO opened at $46.74 on Friday. The business’s fifty day simple moving average is $46.89 and its two-hundred day simple moving average is $52.34. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. HF Sinclair Co. has a 12 month low of $43.88 and a 12 month high of $64.16. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 5.78 and a beta of 1.16.

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

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.28%. HF Sinclair’s dividend payout ratio is 24.75%.

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.