Shelton Capital Management Decreases Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Shelton Capital Management lessened its stake in HF Sinclair Co. (NYSE:DINO) by 9.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,167 shares of the company’s stock after selling 658 shares during the period. Shelton Capital Management’s holdings in HF Sinclair were worth $275,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Janiczek Wealth Management LLC grew its stake in shares of HF Sinclair by 1,307.5% during the 2nd quarter. Janiczek Wealth Management LLC now owns 746 shares of the company’s stock valued at $33,000 after purchasing an additional 693 shares during the period. Parkside Financial Bank & Trust purchased a new stake in HF Sinclair during the first quarter valued at approximately $36,000. V Square Quantitative Management LLC bought a new position in HF Sinclair in the second quarter worth approximately $44,000. EverSource Wealth Advisors LLC boosted its stake in shares of HF Sinclair by 88.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,093 shares of the company’s stock worth $49,000 after acquiring an additional 513 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of HF Sinclair during the 1st quarter valued at $52,000. 89.15% of the stock is owned by institutional investors.

HF Sinclair Trading Up 1.0 %

NYSE DINO opened at $54.24 on Tuesday. The stock has a market cap of $9.75 billion, a PE ratio of 4.69, a PEG ratio of 0.61 and a beta of 1.38. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $66.19. The company’s 50-day moving average price is $55.70 and its 200-day moving average price is $51.01. The company has a current ratio of 2.13, a quick ratio of 1.23 and a debt-to-equity ratio of 0.27.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Wednesday, November 15th. HF Sinclair’s dividend payout ratio (DPR) is presently 15.57%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of HF Sinclair from $62.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, October 5th. Bank of America raised their price objective on HF Sinclair from $65.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, September 18th. BMO Capital Markets initiated coverage on HF Sinclair in a research report on Thursday, October 5th. They issued an “outperform” rating and a $65.00 target price on the stock. Piper Sandler lowered their target price on HF Sinclair from $73.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 9th. Finally, Wells Fargo & Company reduced their price target on shares of HF Sinclair from $68.00 to $67.00 in a research report on Monday, October 9th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $61.55.

Insider Activity at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 5,000 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $56.89, for a total value of $284,450.00. Following the completion of the sale, the executive vice president now directly owns 20,217 shares in the company, valued at approximately $1,150,145.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is owned by company insiders.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.