Quadrature Capital Ltd Has $1.42 Million Stock Position in HF Sinclair Co. (NYSE:DINO)

Quadrature Capital Ltd lowered its stake in HF Sinclair Co. (NYSE:DINO) by 42.6% during the first quarter, Holdings Channel reports. The institutional investor owned 23,495 shares of the company’s stock after selling 17,430 shares during the period. Quadrature Capital Ltd’s holdings in HF Sinclair were worth $1,418,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of DINO. Rise Advisors LLC acquired a new position in HF Sinclair in the 1st quarter valued at about $26,000. Principal Securities Inc. acquired a new position in HF Sinclair in the 4th quarter valued at about $30,000. Riverview Trust Co acquired a new position in HF Sinclair in the 1st quarter valued at about $31,000. Pingora Partners LLC acquired a new position in HF Sinclair in the 4th quarter valued at about $35,000. Finally, Baystate Wealth Management LLC acquired a new position in HF Sinclair in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the transaction, the director now directly owns 138,293 shares in the company, valued at $7,933,869.41. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

Shares of HF Sinclair stock traded up $0.83 during trading on Friday, reaching $50.63. 2,058,610 shares of the company’s stock were exchanged, compared to its average volume of 1,619,056. HF Sinclair Co. has a 1-year low of $47.09 and a 1-year high of $64.16. The firm’s 50-day moving average price is $52.30 and its 200 day moving average price is $55.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. The company has a market cap of $9.73 billion, a P/E ratio of 6.27 and a beta of 1.19.

HF Sinclair (NYSE:DINO) last issued its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The business had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $7.54 billion. During the same quarter in the prior year, the firm earned $2.00 EPS. The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, research analysts anticipate that HF Sinclair Co. will post 4.63 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.95%. HF Sinclair’s payout ratio is 24.75%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. cut their price objective on shares of HF Sinclair from $61.00 to $59.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Argus raised shares of HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Scotiabank boosted their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Wolfe Research assumed coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Barclays cut their price objective on shares of HF Sinclair from $56.00 to $51.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $62.67.

About HF Sinclair

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.