Cidel Asset Management Inc. Acquires Shares of 4,969 HF Sinclair Corporation $DINO

Cidel Asset Management Inc. acquired a new stake in shares of HF Sinclair Corporation (NYSE:DINO) during the second quarter, Holdings Channel reports. The fund acquired 4,969 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors have also recently added to or reduced their stakes in DINO. AQR Capital Management LLC boosted its stake in HF Sinclair by 109.8% during the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock valued at $163,951,000 after acquiring an additional 2,609,857 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in HF Sinclair by 1,633.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock valued at $55,730,000 after acquiring an additional 1,597,152 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in HF Sinclair by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock valued at $269,142,000 after acquiring an additional 1,337,093 shares during the last quarter. Millennium Management LLC boosted its stake in HF Sinclair by 207.5% during the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock valued at $64,774,000 after acquiring an additional 1,329,408 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of HF Sinclair in the 1st quarter worth about $25,051,000. 88.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. UBS Group raised their price target on shares of HF Sinclair from $58.00 to $63.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. The Goldman Sachs Group raised their price target on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Raymond James Financial restated a “strong-buy” rating and issued a $65.00 price target (up from $60.00) on shares of HF Sinclair in a research report on Friday. Barclays raised their price target on shares of HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 1st. Finally, Morgan Stanley raised their price target on shares of HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.36.

HF Sinclair Stock Up 1.5%

HF Sinclair stock opened at $52.64 on Tuesday. The stock has a market cap of $9.85 billion, a price-to-earnings ratio of -114.43 and a beta of 1.00. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company’s 50-day moving average price is $50.69 and its two-hundred day moving average price is $42.15. HF Sinclair Corporation has a 52 week low of $24.66 and a 52 week high of $54.73.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.09 by $0.61. The firm had revenue of $6.78 billion for the quarter, compared to analysts’ expectations 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 last year, the company earned $0.78 EPS. On average, analysts expect that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. HF Sinclair’s payout ratio is currently -434.78%.

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value 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. The trade was a 21.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.28% of the stock is owned by corporate 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.