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

Cidel Asset Management Inc. acquired a new stake in HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,969 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors have also modified their holdings of the company. IFP Advisors Inc raised its position in shares of HF Sinclair by 21.4% in the second quarter. IFP Advisors Inc now owns 1,694 shares of the company’s stock valued at $71,000 after buying an additional 299 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of HF Sinclair by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the company’s stock valued at $1,853,000 after buying an additional 300 shares during the last quarter. Harbour Investments Inc. raised its position in shares of HF Sinclair by 15.0% in the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock valued at $78,000 after buying an additional 310 shares during the last quarter. Financial Engines Advisors L.L.C. raised its position in shares of HF Sinclair by 1.5% in the first quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company’s stock valued at $876,000 after buying an additional 392 shares during the last quarter. Finally, Juncture Wealth Strategies LLC raised its position in shares of HF Sinclair by 4.9% in the second quarter. Juncture Wealth Strategies LLC now owns 8,482 shares of the company’s stock valued at $348,000 after buying an additional 395 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of analyst reports. Wells Fargo & Company began coverage on shares of HF Sinclair in a research report on Friday. They issued an “equal weight” rating and a $58.00 price objective for the company. Wolfe Research lowered shares of HF Sinclair from a “peer perform” rating to an “underperform” rating in a research report on Monday, July 14th. Scotiabank reaffirmed an “outperform” rating on shares of HF Sinclair in a research report on Thursday, October 9th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 3rd. Finally, TD Cowen upped their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $58.36.

HF Sinclair Price Performance

HF Sinclair stock opened at $52.64 on Tuesday. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $54.73. The firm has a fifty day moving average of $50.69 and a 200-day moving average of $42.15. The firm has a market capitalization of $9.85 billion, a P/E ratio of -114.43 and a beta of 1.00. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29.

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

HF Sinclair Announces Dividend

The company also recently announced 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 was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. HF Sinclair’s dividend payout ratio is -434.78%.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents 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. Company 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.