Cibc World Market Inc. Purchases New Shares in HF Sinclair Corporation $DINO

Cibc World Market Inc. acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 139,232 shares of the company’s stock, valued at approximately $9,698,000. Cibc World Market Inc. owned 0.08% of HF Sinclair as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of HF Sinclair during the 2nd quarter worth about $1,291,602,000. Bank of New York Mellon Corp acquired a new position in shares of HF Sinclair during the second quarter valued at approximately $140,654,000. NFJ Investment Group LLC lifted its position in shares of HF Sinclair by 1,275.3% in the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after acquiring an additional 1,737,318 shares in the last quarter. Invesco Ltd. boosted its stake in shares of HF Sinclair by 104.3% in the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after acquiring an additional 994,090 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of HF Sinclair by 101.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock worth $82,712,000 after purchasing an additional 903,177 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Down 2.3%

NYSE DINO opened at $95.12 on Tuesday. 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 stock has a market capitalization of $16.91 billion, a P/E ratio of 9.08 and a beta of 0.70. The firm’s 50-day moving average is $82.04 and its two-hundred day moving average is $69.08. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $98.39.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. The company’s revenue was up 53.2% on a year-over-year basis. On average, sell-side analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.525 per share. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. HF Sinclair’s dividend payout ratio is presently 20.04%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DINO shares. The Goldman Sachs Group restated a “buy” rating and issued a $114.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. Barclays boosted their price target on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 4th. Morgan Stanley upped their price target on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, June 12th. Finally, TD Cowen lifted 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 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $81.25.

Insider Transactions at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction 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 directly owned 42,561 shares in the company, valued at $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the transaction, the director directly owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.26% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.