Toroso Investments LLC Makes New $861,000 Investment in HF Sinclair Co. (NYSE:DINO)

Toroso Investments LLC purchased a new stake in shares of HF Sinclair Co. (NYSE:DINO) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,802 shares of the company’s stock, valued at approximately $861,000.

Several other hedge funds have also made changes to their positions in DINO. Vanguard Group Inc. lifted its holdings in shares of HF Sinclair by 4.0% in the third quarter. Vanguard Group Inc. now owns 14,799,193 shares of the company’s stock valued at $796,789,000 after purchasing an additional 571,178 shares in the last quarter. BlackRock Inc. acquired a new position in HF Sinclair during the first quarter valued at $539,533,000. State Street Corp purchased a new stake in HF Sinclair in the 1st quarter worth about $308,240,000. Pacer Advisors Inc. boosted its position in HF Sinclair by 141.8% during the 1st quarter. Pacer Advisors Inc. now owns 3,898,867 shares of the company’s stock worth $188,627,000 after acquiring an additional 2,286,144 shares during the period. Finally, Invesco Ltd. purchased a new position in HF Sinclair during the 1st quarter valued at about $102,959,000. Hedge funds and other institutional investors own 89.15% of the company’s stock.

HF Sinclair Price Performance

NYSE DINO opened at $60.36 on Tuesday. HF Sinclair Co. has a 1 year low of $37.12 and a 1 year high of $66.19. The company has a fifty day simple moving average of $54.36 and a 200 day simple moving average of $48.31. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The company has a market cap of $11.11 billion, a P/E ratio of 5.12, a P/E/G ratio of 0.92 and a beta of 1.39.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, August 3rd. The company reported $2.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.33. The company had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.38 billion. HF Sinclair had a net margin of 6.87% and a return on equity of 24.58%. On average, sell-side analysts predict that HF Sinclair Co. will post 9.37 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Shareholders of record on Thursday, August 17th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend was Wednesday, August 16th. HF Sinclair’s dividend payout ratio is currently 15.28%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Bank of America raised their price target on shares of HF Sinclair from $65.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday. Mizuho boosted their price target on shares of HF Sinclair from $63.00 to $72.00 and gave the company a “neutral” rating in a report on Monday. UBS Group increased their price objective on HF Sinclair from $53.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, August 7th. Morgan Stanley restated an “overweight” rating and issued a $70.00 target price on shares of HF Sinclair in a research note on Wednesday, July 19th. Finally, Piper Sandler raised their price target on HF Sinclair from $63.00 to $70.00 in a research note on Friday, August 4th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.67.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.