CIBC Asset Management Inc Sells 540 Shares of HF Sinclair Co. (NYSE:DINO)

CIBC Asset Management Inc lowered its stake in shares of HF Sinclair Co. (NYSE:DINOFree Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,162 shares of the company’s stock after selling 540 shares during the quarter. CIBC Asset Management Inc’s holdings in HF Sinclair were worth $454,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DINO. Pacer Advisors Inc. increased its position in shares of HF Sinclair by 55.0% during the 4th quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock valued at $259,322,000 after purchasing an additional 1,656,704 shares during the last quarter. Norges Bank purchased a new position in HF Sinclair during the 4th quarter valued at $65,774,000. Vanguard Group Inc. boosted its holdings in HF Sinclair by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock valued at $948,766,000 after acquiring an additional 869,429 shares during the period. KBC Group NV boosted its holdings in HF Sinclair by 537.0% during the 4th quarter. KBC Group NV now owns 357,929 shares of the company’s stock valued at $19,890,000 after acquiring an additional 301,742 shares during the period. Finally, UBS Group AG boosted its holdings in HF Sinclair by 66.6% during the 4th quarter. UBS Group AG now owns 689,061 shares of the company’s stock valued at $38,291,000 after acquiring an additional 275,382 shares during the period. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.3 %

DINO opened at $53.41 on Tuesday. The firm has a market cap of $10.26 billion, a price-to-earnings ratio of 6.61 and a beta of 1.25. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26. HF Sinclair Co. has a 12 month low of $42.00 and a 12 month high of $64.16. The stock has a fifty day moving average price of $57.00 and a 200-day moving average price of $56.57.

HF Sinclair (NYSE:DINOGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.16. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $7.54 billion. During the same period in the prior year, the company posted $2.00 EPS. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. As a group, equities research analysts anticipate that HF Sinclair Co. will post 6.06 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Tuesday, May 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Analyst Ratings Changes

A number of research firms recently issued reports on DINO. Mizuho dropped their price objective on HF Sinclair from $65.00 to $64.00 and set a “neutral” rating for the company in a report on Monday, May 13th. UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.00 to $73.00 in a report on Wednesday, February 14th. Barclays started coverage on HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 target price for the company. Scotiabank upped their target price on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Finally, Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.58.

Get Our Latest Analysis on DINO

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 6,500 shares of HF Sinclair stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average cost of $57.37 per share, with a total value of $372,905.00. Following the transaction, the director now directly owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers acquired 6,500 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was purchased at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the acquisition, the director now directly owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by corporate insiders.

HF Sinclair Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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