Sound Income Strategies LLC Lowers Stock Holdings in HF Sinclair Corporation $DINO

Sound Income Strategies LLC reduced its position in shares of HF Sinclair Corporation (NYSE:DINO) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 262,832 shares of the company’s stock after selling 11,133 shares during the period. Sound Income Strategies LLC owned about 0.14% of HF Sinclair worth $12,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quent Capital LLC purchased a new position in shares of HF Sinclair during the third quarter worth $28,000. State of Wyoming purchased a new position in shares of HF Sinclair during the second quarter worth $41,000. CI Investments Inc. boosted its position in shares of HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after buying an additional 187 shares during the period. Delos Wealth Advisors LLC purchased a new position in shares of HF Sinclair during the second quarter worth $70,000. Finally, CoreFirst Bank & Trust purchased a new position in shares of HF Sinclair during the second quarter worth $73,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Up 0.6%

Shares of NYSE DINO opened at $61.08 on Tuesday. The stock has a market cap of $11.01 billion, a P/E ratio of 19.90 and a beta of 0.70. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $64.70. The business’s fifty day simple moving average is $56.37 and its 200-day simple moving average is $52.97.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.37. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The business had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period last year, the firm earned ($1.02) earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, equities analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a $0.50 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. HF Sinclair’s dividend payout ratio (DPR) is currently 65.15%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Morgan Stanley set a $57.00 price objective on HF Sinclair in a research note on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research note on Friday, March 27th. Wells Fargo & Company increased their price objective on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. TD Cowen increased their price objective on HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, February 19th. Finally, Mizuho increased their price objective on HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Hold” and an average target price of $61.00.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.