Toronto Dominion Bank Has $912,000 Stake in HF Sinclair Co. (NYSE:DINO)

Toronto Dominion Bank boosted its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 16.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,461 shares of the company’s stock after purchasing an additional 2,837 shares during the period. Toronto Dominion Bank’s holdings in HF Sinclair were worth $912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DINO. Aigen Investment Management LP bought a new position in shares of HF Sinclair in the third quarter valued at approximately $1,253,000. Point72 Hong Kong Ltd acquired a new position in shares of HF Sinclair in the 2nd quarter valued at $723,000. Thompson Siegel & Walmsley LLC boosted its holdings in HF Sinclair by 4.9% during the second quarter. Thompson Siegel & Walmsley LLC now owns 886,164 shares of the company’s stock worth $47,268,000 after buying an additional 41,456 shares during the last quarter. River Road Asset Management LLC boosted its stake in HF Sinclair by 3.4% during the 3rd quarter. River Road Asset Management LLC now owns 769,847 shares of the company’s stock worth $34,312,000 after acquiring an additional 25,041 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in shares of HF Sinclair by 25.1% in the 3rd quarter. Citigroup Inc. now owns 200,882 shares of the company’s stock valued at $8,953,000 after buying an additional 40,341 shares during the period. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of NYSE:DINO opened at $35.60 on Tuesday. HF Sinclair Co. has a 1 year low of $35.47 and a 1 year high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The company’s 50 day simple moving average is $41.69 and its 200 day simple moving average is $46.40. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 21.98 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the previous year, the business posted $4.06 earnings per share. As a group, research analysts predict that HF Sinclair Co. will post 2.27 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.62%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $38.76 per share, with a total value of $193,800.00. Following the transaction, the director now owns 145,293 shares in the company, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Atanas H. Atanasov acquired 7,000 shares of HF Sinclair stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $37.96 per share, with a total value of $265,720.00. Following the completion of the transaction, the chief financial officer now directly owns 71,927 shares in the company, valued at $2,730,348.92. This represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DINO shares. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Mizuho decreased their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday. JPMorgan Chase & Co. dropped their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Scotiabank cut their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Finally, BMO Capital Markets reduced their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.00.

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.