Mercer Global Advisors Inc. ADV Has $648,000 Position in HF Sinclair Co. (NYSE:DINO)

Mercer Global Advisors Inc. ADV increased its stake in shares of HF Sinclair Co. (NYSE:DINO) by 69.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,475 shares of the company’s stock after buying an additional 7,604 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in HF Sinclair were worth $648,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DINO. Sugar Maple Asset Management LLC acquired a new stake in shares of HF Sinclair in the 4th quarter valued at $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of HF Sinclair in the 4th quarter valued at $31,000. Lee Danner & Bass Inc. acquired a new stake in shares of HF Sinclair in the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after purchasing an additional 327 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after purchasing an additional 558 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the topic of a number of research analyst reports. Piper Sandler reduced their target price on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Mizuho reduced their target price on HF Sinclair from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Scotiabank reduced their target price on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th. TD Cowen raised their target price on HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their price target on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a research note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, HF Sinclair has a consensus rating of “Hold” and an average target price of $42.30.

HF Sinclair Price Performance

Shares of DINO opened at $34.12 on Monday. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 41.61 and a beta of 0.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a 52 week low of $24.66 and a 52 week high of $58.73. The stock has a fifty day moving average of $30.93 and a 200-day moving average of $35.40.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.41) by $0.14. The business had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. HF Sinclair’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.71 EPS. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.86%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair’s dividend payout ratio is currently -259.74%.

Insider Buying and Selling

In related news, Director Franklin Myers bought 5,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. This trade represents a 3.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

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.