HF Sinclair Corporation $DINO Holdings Boosted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 267,609.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 326,606 shares of the company’s stock after buying an additional 326,484 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in HF Sinclair were worth $36,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Assenagon Asset Management S.A. grew its position in HF Sinclair by 250.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 160,405 shares of the company’s stock worth $17,215,000 after purchasing an additional 114,605 shares during the last quarter. Curated Wealth Partners LLC acquired a new position in shares of HF Sinclair during the third quarter valued at about $840,000. HBW Advisory Services LLC acquired a new position in shares of HF Sinclair during the third quarter valued at about $294,000. Fortitude Family Office LLC raised its position in shares of HF Sinclair by 112.6% during the third quarter. Fortitude Family Office LLC now owns 674 shares of the company’s stock valued at $72,000 after buying an additional 357 shares during the last quarter. Finally, Signal Advisors Wealth LLC bought a new stake in shares of HF Sinclair in the third quarter valued at about $299,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Up 0.8%

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

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. The company had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business’s revenue was up 53.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. On average, analysts expect 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 $0.5250 dividend. The ex-dividend date of this dividend was Tuesday, August 11th. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. HF Sinclair’s payout ratio is presently 20.04%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company lifted their target price on HF Sinclair from $93.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Raymond James Financial boosted their price target on HF Sinclair from $105.00 to $140.00 and gave the company a “strong-buy” rating in a research note on Monday, September 14th. Morgan Stanley upped their price target on HF Sinclair from $78.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, September 14th. Barclays raised their price objective on HF Sinclair from $86.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Monday, October 12th. Finally, TD Cowen raised their price objective on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.50.

Insiders Place Their Bets

In related news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.26% of the stock is currently owned by insiders.

HF Sinclair Company Profile

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.