HF Sinclair Corporation $DINO Position Raised by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 267,609.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 326,606 shares of the company’s stock after buying an additional 326,484 shares during the quarter. TD Waterhouse Canada Inc. owned about 0.18% of HF Sinclair worth $36,821,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DINO. Bullock Wealth Management Group acquired a new stake in shares of HF Sinclair in the third quarter worth about $41,000. Clearstead Trust LLC bought a new stake in shares of HF Sinclair during the 2nd quarter worth about $33,000. Fairway Wealth LLC bought a new stake in shares of HF Sinclair during the 1st quarter worth about $41,000. Fortitude Family Office LLC boosted its stake in shares of HF Sinclair by 112.6% during the 3rd quarter. Fortitude Family Office LLC now owns 674 shares of the company’s stock worth $72,000 after acquiring an additional 357 shares in the last quarter. Finally, Nalls Sherbakoff Group LLC acquired a new position in shares of HF Sinclair during the 4th quarter valued at about $36,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the sale, the senior vice president owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DINO. Morgan Stanley raised their price objective on HF Sinclair from $78.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, September 14th. The Goldman Sachs Group boosted their target price on HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, October 9th. Evercore began coverage on HF Sinclair in a report on Friday, July 17th. They set an “in-line” rating and a $85.00 price target on the stock. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, Mizuho lifted their price target on shares of HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

HF Sinclair Stock Up 0.8%

DINO stock opened at $125.70 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. HF Sinclair Corporation has a 52-week low of $45.71 and a 52-week high of $129.37. The company has a 50-day moving average of $106.50 and a two-hundred day moving average of $83.77. The stock has a market capitalization of $22.35 billion, a price-to-earnings ratio of 11.99 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%. The firm’s revenue was up 53.2% compared to the same quarter last year. During the same period last year, the business posted $1.10 earnings per share. As a group, equities research analysts anticipate that HF Sinclair Corporation will post 18.15 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were paid a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio is currently 20.04%.

About HF Sinclair

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.