CIBC Asset Management Inc Has $454,000 Position in HF Sinclair Co. (NYSE:DINO)

CIBC Asset Management Inc lowered its holdings in HF Sinclair Co. (NYSE:DINOFree Report) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,162 shares of the company’s stock after selling 540 shares during the quarter. CIBC Asset Management Inc’s holdings in HF Sinclair were worth $454,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Principal Securities Inc. purchased a new position in HF Sinclair during the 4th quarter worth $30,000. North Star Investment Management Corp. boosted its holdings in HF Sinclair by 4,990.9% during the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after acquiring an additional 549 shares during the last quarter. Pingora Partners LLC purchased a new position in HF Sinclair during the 4th quarter worth $35,000. Baystate Wealth Management LLC purchased a new position in HF Sinclair during the 4th quarter worth $37,000. Finally, Blue Trust Inc. boosted its holdings in HF Sinclair by 30.9% during the 4th quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after acquiring an additional 224 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.3 %

Shares of HF Sinclair stock opened at $53.41 on Tuesday. HF Sinclair Co. has a 52-week low of $42.00 and a 52-week high of $64.16. The stock’s 50-day simple moving average is $57.00 and its 200 day simple moving average is $56.57. The stock has a market capitalization of $10.26 billion, a P/E ratio of 6.61 and a beta of 1.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17.

HF Sinclair (NYSE:DINOGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.16. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The firm had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $7.54 billion. During the same period in the prior year, the business posted $2.00 earnings per share. The company’s revenue was down 7.1% on a year-over-year basis. As a group, research analysts anticipate that HF Sinclair Co. will post 6.06 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Tuesday, May 21st. HF Sinclair’s dividend payout ratio is presently 24.75%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wells Fargo & Company cut their price objective on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. UBS Group raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $64.00 to $73.00 in a report on Wednesday, February 14th. Scotiabank boosted their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Piper Sandler cut their price target on shares of HF Sinclair from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, May 14th. Finally, TD Cowen boosted their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.58.

View Our Latest Research Report on HF Sinclair

Insider Activity

In related news, Director Franklin Myers purchased 6,500 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were purchased at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the transaction, the director now directly owns 138,293 shares in the company, valued at approximately $7,933,869.41. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now directly owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Franklin Myers acquired 6,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the transaction, the director now owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The disclosure for this purchase can be found here. Company insiders own 0.28% of the company’s stock.

HF Sinclair Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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