ETFs Are Net Sellers of HF Sinclair (DINO) on Oct. 28

This article first appeared on GuruFocus.

DFAT drove the day’s ETF activity in HF Sinclair (DINO), accounting for the bulk of a net $22.9 million in selling on Wednesday, Oct. 28. More funds traded the other way, with 21 ETFs buying versus 5 selling, but in smaller amounts. The move follows a mixed stretch: net inflows of $0.6 million on Oct. 27, outflows of $3.2 million on Oct. 26, inflows of $4.5 million on Oct. 23 and outflows of $1.6 million on Oct. 22. The selling streak now stands at 1 day.

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See all ETF and guru trades in DINO on its DINO guru trades page.

Which ETFs sold DINO on Wednesday?

The largest sellers by dollar value were DFAT ($24.7 million), DFSV ($0.0 million) and IWB ($0.0 million). In all, 21 ETFs added shares and 5 cut them.

DFAT cut its position by 220,809 shares, a change of -11.2% worth -$24.7 million, leaving it with 1,751,023 shares at a 0.64% weight. DFSV trimmed 441 shares (-0.02%, -$0.0 million) to 1,800,761 shares at a 0.74% weight, while IWB shed 184 shares (-0.17%) and IWS 125 shares (-0.06%). On the buying side, DCOR added 23 shares, JMOM 60, AVLV 72 and DFLV 99. HF Sinclair operates in the Energy sector, in Oil & Gas Refining & Marketing, with a market cap of $19.9 billion.

Have ETFs been buying or selling DINO lately?

Over the last 5 reported days, ETFs were net buyers on 2 and net sellers on 3, so the recent trend is mostly selling.

What does DINO do?

HF Sinclair Corp is a diversified energy company headquartered in Dallas, Texas. It operates as an independent petroleum refiner, owning refineries that serve the Rocky Mountains, Mid-Continent, Southwest, and Pacific Northwest regions of the United States.

HF Sinclair reported trailing-12-month revenue of $34.83 billion, up 35.7% over one year, with a gross margin of 15.4% and a net margin of 10.1%. The stock trades at a P/E of 5.67, P/B of 1.65 and P/S of 0.58, against a market cap of $19.9 billion. Its GF Score is 60, and the GF Value of $64.23 compares with a price of $111.89. The dividend yield is 2.0%, and the shares have returned 148.5% year to date.