TD Waterhouse Canada Inc. Boosts Stock Holdings in HF Sinclair Co. (NYSE:DINO)

TD Waterhouse Canada Inc. grew its stake in shares of HF Sinclair Co. (NYSE:DINO) by 98.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,603 shares of the company’s stock after buying an additional 796 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in HF Sinclair were worth $56,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in HF Sinclair during the 4th quarter worth approximately $41,317,000. Thompson Siegel & Walmsley LLC grew its holdings in shares of HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after purchasing an additional 1,126,825 shares during the last quarter. First Trust Advisors LP increased its stake in shares of HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after buying an additional 1,096,485 shares during the period. Amundi raised its holdings in HF Sinclair by 132.3% during the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock valued at $61,025,000 after buying an additional 996,155 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in HF Sinclair by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock valued at $240,026,000 after buying an additional 737,696 shares during the period. Institutional investors own 88.29% of the company’s stock.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now directly owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

HF Sinclair Stock Down 0.0 %

NYSE:DINO opened at $30.55 on Monday. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $58.73. The company has a market capitalization of $5.76 billion, a PE ratio of 37.26 and a beta of 1.00. The firm’s 50-day moving average price is $31.61 and its 200-day moving average price is $36.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. On average, equities analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a $0.50 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 6.55%. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DINO shares. Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Scotiabank reduced their price target on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. Piper Sandler set a $46.00 price objective on HF Sinclair in a report on Friday, March 7th. Morgan Stanley reduced their target price on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Barclays dropped their price target on HF Sinclair from $35.00 to $29.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and a consensus target price of $44.50.

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.