HF Sinclair Corporation $DINO Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC cut its position in shares of HF Sinclair Corporation (NYSE:DINO) by 15.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,881 shares of the company’s stock after selling 708 shares during the quarter. TD Private Client Wealth LLC’s holdings in HF Sinclair were worth $159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Oak Capital LLC acquired a new stake in HF Sinclair during the second quarter worth about $38,000. Byrne Asset Management LLC acquired a new position in HF Sinclair during the 1st quarter worth approximately $35,000. Allworth Financial LP lifted its position in HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after acquiring an additional 1,130 shares in the last quarter. UMB Bank n.a. lifted its position in HF Sinclair by 2,202.9% during the 1st quarter. UMB Bank n.a. now owns 1,566 shares of the company’s stock worth $51,000 after acquiring an additional 1,498 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in HF Sinclair by 157.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,722 shares of the company’s stock worth $71,000 after acquiring an additional 1,054 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.28% of the stock is currently owned by corporate insiders.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $53.24 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $48.11 and a two-hundred day moving average price of $39.99. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $54.73. The firm has a market cap of $9.96 billion, a PE ratio of -115.74 and a beta of 1.07.

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

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is currently -434.78%.

Wall Street Analysts Forecast Growth

DINO has been the topic of several recent research reports. Scotiabank boosted their price target on HF Sinclair from $49.00 to $61.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 11th. Piper Sandler boosted their price target on HF Sinclair from $51.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Morgan Stanley boosted their price target on HF Sinclair from $44.00 to $50.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Wolfe Research lowered HF Sinclair from a “peer perform” rating to an “underperform” rating in a research report on Monday, July 14th. Finally, UBS Group raised their price objective on HF Sinclair from $51.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and an average target price of $53.25.

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.