Toronto Dominion Bank Buys 485 Shares of HF Sinclair Co. (NYSE:DINO)

Toronto Dominion Bank increased its stake in shares of HF Sinclair Co. (NYSE:DINO) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 17,624 shares of the company’s stock after purchasing an additional 485 shares during the quarter. Toronto Dominion Bank’s holdings in HF Sinclair were worth $940,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Unison Advisors LLC increased its position in shares of HF Sinclair by 0.8% during the 1st quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock valued at $1,298,000 after purchasing an additional 179 shares during the last quarter. Capital Advisors Wealth Management LLC grew its position in HF Sinclair by 2.4% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock valued at $491,000 after acquiring an additional 190 shares during the last quarter. Poehling Capital Management INC. grew its position in HF Sinclair by 0.3% in the 1st quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock valued at $3,989,000 after acquiring an additional 203 shares during the last quarter. Empirical Finance LLC grew its position in HF Sinclair by 1.2% in the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after acquiring an additional 228 shares during the last quarter. Finally, Fifth Third Bancorp grew its position in HF Sinclair by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after acquiring an additional 267 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $44.58 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. HF Sinclair Co. has a fifty-two week low of $44.07 and a fifty-two week high of $64.16. The company has a market cap of $8.57 billion, a PE ratio of 5.52 and a beta of 1.18. The business has a 50-day simple moving average of $47.16 and a two-hundred day simple moving average of $52.62.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter in the previous year, the company posted $2.60 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. As a group, equities analysts expect that HF Sinclair Co. will post 2.84 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DINO shares. Mizuho cut their price objective on HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company cut their price objective on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. upped their price objective on HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Argus raised HF Sinclair to a “hold” rating in a research report on Wednesday, June 26th. Finally, Morgan Stanley cut their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $59.73.

HF Sinclair Profile

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.