Whittier Trust Co. Acquires 4,020 Shares of HF Sinclair Corporation $DINO

Whittier Trust Co. increased its holdings in HF Sinclair Corporation (NYSE:DINO) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 197,570 shares of the company’s stock after purchasing an additional 4,020 shares during the period. Whittier Trust Co.’s holdings in HF Sinclair were worth $8,114,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DINO. AQR Capital Management LLC increased its position in HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after purchasing 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 first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock worth $55,730,000 after buying an additional 1,597,152 shares during the period. Dimensional Fund Advisors LP boosted its stake in HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after buying an additional 1,337,093 shares during the period. Millennium Management LLC boosted its stake in HF Sinclair by 207.5% during the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after buying an additional 1,329,408 shares during the period. Finally, Nuveen LLC purchased a new position in HF Sinclair during the first quarter worth $25,051,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Down 3.0%

Shares of DINO opened at $51.07 on Wednesday. The firm has a market capitalization of $9.55 billion, a P/E ratio of -111.02 and a beta of 1.00. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $54.73. 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 firm has a fifty day moving average price of $50.82 and a 200-day moving average price of $42.21.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.61. The firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The business’s revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 earnings per share. Equities research analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair’s payout ratio is currently -434.78%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wolfe Research lowered shares of HF Sinclair from a “peer perform” rating to an “underperform” rating in a research note on Monday, July 14th. Mizuho lifted their price objective on shares of HF Sinclair from $52.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Scotiabank reaffirmed an “outperform” rating on shares of HF Sinclair in a research note on Thursday, October 9th. Wells Fargo & Company assumed coverage on shares of HF Sinclair in a research note on Friday, October 17th. They set an “equal weight” rating and a $58.00 price objective for the company. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 price objective (up from $60.00) on shares of HF Sinclair in a research note on Friday. Two equities research 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 stock. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total transaction of $467,830.00. Following the completion of the sale, the executive vice president directly owned 39,591 shares of the company’s stock, valued at approximately $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.28% of the company’s stock.

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.