16,629 Shares in HF Sinclair Co. (NYSE:DINO) Bought by Bank of Nova Scotia

Bank of Nova Scotia purchased a new position in shares of HF Sinclair Co. (NYSE:DINOGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,629 shares of the company’s stock, valued at approximately $751,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DINO. Vanguard Group Inc. acquired a new position in HF Sinclair during the 1st quarter worth $566,029,000. BlackRock Inc. acquired a new position in HF Sinclair during the 1st quarter worth $539,533,000. TCTC Holdings LLC acquired a new position in HF Sinclair during the 1st quarter worth $495,719,000. State Street Corp acquired a new position in HF Sinclair during the 1st quarter worth $308,240,000. Finally, Dimensional Fund Advisors LP acquired a new position in HF Sinclair during the 1st quarter worth $274,214,000. Hedge funds and other institutional investors own 89.58% of the company’s stock.

HF Sinclair Trading Down 1.6 %

Shares of NYSE:DINO opened at $63.72 on Friday. The company has a market cap of $12.79 billion, a PE ratio of 6.05, a P/E/G ratio of 0.31 and a beta of 1.34. The company’s 50-day moving average price is $57.45 and its 200 day moving average price is $51.66. HF Sinclair Co. has a fifty-two week low of $29.14 and a fifty-two week high of $65.99. The company has a quick ratio of 1.05, a current ratio of 2.11 and a debt-to-equity ratio of 0.34.

HF Sinclair (NYSE:DINOGet Rating) last released its quarterly earnings results on Monday, November 7th. The company reported $4.58 EPS for the quarter, missing analysts’ consensus estimates of $4.61 by ($0.03). HF Sinclair had a return on equity of 27.56% and a net margin of 6.59%. The company had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same quarter last year, the firm posted $1.28 earnings per share. The firm’s quarterly revenue was up 126.2% compared to the same quarter last year. Sell-side analysts anticipate that HF Sinclair Co. will post 15.65 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Monday, November 21st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.51%. HF Sinclair’s dividend payout ratio (DPR) is 15.18%.

Insiders Place Their Bets

In other HF Sinclair news, CEO Michael Jennings sold 45,500 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $63.46, for a total transaction of $2,887,430.00. Following the sale, the chief executive officer now directly owns 242,999 shares in the company, valued at approximately $15,420,716.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael Jennings sold 45,500 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The shares were sold at an average price of $63.46, for a total value of $2,887,430.00. Following the sale, the chief executive officer now directly owns 242,999 shares in the company, valued at approximately $15,420,716.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Manuel J. Fernandez sold 2,675 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $61.45, for a total transaction of $164,378.75. Following the completion of the sale, the director now owns 9,771 shares in the company, valued at $600,427.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,125 shares of company stock worth $3,104,353. 0.35% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DINO has been the subject of several recent analyst reports. Morgan Stanley raised their price objective on shares of HF Sinclair from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Tuesday, November 8th. Barclays lifted their price target on shares of HF Sinclair from $56.00 to $61.00 and gave the company an “equal weight” rating in a report on Wednesday, October 5th. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $57.00 to $65.00 and gave the company an “equal weight” rating in a report on Tuesday, November 8th. The Goldman Sachs Group lifted their price target on shares of HF Sinclair to $57.00 in a report on Tuesday, September 6th. Finally, Piper Sandler lifted their price target on shares of HF Sinclair from $69.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, November 9th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and an average target price of $65.78.

About HF Sinclair

(Get Rating)

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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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