BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Buys 12,236 Shares of HF Sinclair Co. (NYSE:DINO)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in HF Sinclair Co. (NYSE:DINO) by 64.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 31,275 shares of the company’s stock after buying an additional 12,236 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in HF Sinclair were worth $1,668,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Rise Advisors LLC bought a new position in shares of HF Sinclair during the 1st quarter valued at approximately $26,000. Riverview Trust Co bought a new position in HF Sinclair during the first quarter valued at $31,000. Innealta Capital LLC purchased a new stake in shares of HF Sinclair in the second quarter valued at $34,000. Quarry LP purchased a new stake in shares of HF Sinclair in the fourth quarter valued at $39,000. Finally, Bessemer Group Inc. raised its position in HF Sinclair by 201.0% in the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock worth $71,000 after purchasing an additional 782 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

NYSE:DINO opened at $45.29 on Monday. HF Sinclair Co. has a one year low of $44.07 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 5.61 and a beta of 1.18. The firm’s fifty day moving average is $47.23 and its two-hundred day moving average is $52.71.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (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 company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter in the prior year, the business posted $2.60 earnings per share. HF Sinclair’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts expect that HF Sinclair Co. will post 2.84 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.42%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s payout ratio is 24.75%.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of recent analyst reports. Wolfe Research started coverage on HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Morgan Stanley lowered their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. UBS Group dropped their price objective on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lifted their price objective on shares of HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Finally, Barclays raised their price objective on HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price 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.