HF Sinclair Corporation $DINO Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 3.7% in the second quarter, HoldingsChannel.com reports. The fund owned 108,797 shares of the company’s stock after purchasing an additional 3,848 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in HF Sinclair were worth $4,468,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in DINO. GAMMA Investing LLC raised its position in HF Sinclair by 152.4% during the first quarter. GAMMA Investing LLC now owns 4,467 shares of the company’s stock worth $147,000 after acquiring an additional 2,697 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in HF Sinclair by 72.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company’s stock worth $1,684,000 after acquiring an additional 21,597 shares during the period. Exchange Traded Concepts LLC raised its position in HF Sinclair by 1,265.8% during the first quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company’s stock worth $84,000 after acquiring an additional 2,367 shares during the period. Janney Montgomery Scott LLC raised its position in HF Sinclair by 28.5% during the first quarter. Janney Montgomery Scott LLC now owns 88,448 shares of the company’s stock worth $2,908,000 after acquiring an additional 19,641 shares during the period. Finally, State of Alaska Department of Revenue raised its position in HF Sinclair by 2.4% during the first quarter. State of Alaska Department of Revenue now owns 21,621 shares of the company’s stock worth $710,000 after acquiring an additional 505 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Trading Down 3.0%

Shares of DINO opened at $51.07 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $54.73. The firm has a 50-day moving average price of $50.82 and a 200 day moving average price of $42.21. The firm has a market capitalization of $9.55 billion, a P/E ratio of -111.02 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.61. The firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. HF Sinclair’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.78 earnings per share. Sell-side analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is -434.78%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DINO shares. Raymond James Financial reiterated a “strong-buy” rating and issued a $65.00 target price (up from $60.00) on shares of HF Sinclair in a research report on Friday. Barclays increased their target price on shares of HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. UBS Group increased their target price on shares of HF Sinclair from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Wells Fargo & Company started coverage on shares of HF Sinclair in a research report on Friday, October 17th. They issued an “equal weight” rating and a $58.00 target price for the company. Finally, Scotiabank reiterated an “outperform” rating on shares of HF Sinclair in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $58.36.

Insiders Place Their Bets

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $42.53, for a total transaction of $467,830.00. Following the completion of the transaction, the executive vice president owned 39,591 shares of the company’s stock, valued at $1,683,805.23. This trade represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by company insiders.

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.