HF Sinclair Corporation $DINO Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its stake in HF Sinclair Corporation (NYSE:DINO) by 29.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,277 shares of the company’s stock after acquiring an additional 5,047 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in HF Sinclair were worth $1,552,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in HF Sinclair during the second quarter worth $1,291,602,000. Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock valued at $577,114,000 after acquiring an additional 103,135 shares during the period. Charles Schwab Investment Management Inc. grew its position in HF Sinclair by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after acquiring an additional 48,103 shares in the last quarter. State Street Corp increased its stake in HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after purchasing an additional 22,150 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of HF Sinclair by 13.7% during the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock worth $200,880,000 after purchasing an additional 523,709 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Transactions at HF Sinclair

In other news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rhoman J. Hardy bought 1,508 shares of the stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the transaction, the director owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. The trade was a 11.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.26% of the stock is owned by corporate insiders.

HF Sinclair Stock Down 0.5%

DINO stock opened at $105.62 on Friday. The stock has a market cap of $18.78 billion, a P/E ratio of 10.08 and a beta of 0.71. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $108.25. The company’s 50 day moving average is $88.36 and its two-hundred day moving average is $71.72.

HF Sinclair (NYSE:DINO) last posted its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same period last year, the firm posted $1.10 EPS. The company’s revenue was up 53.2% on a year-over-year basis. Research analysts expect that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 11th. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is presently 20.04%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Raymond James Financial set a $105.00 price objective on HF Sinclair in a research note on Wednesday, July 29th. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $114.00 price target on shares of HF Sinclair in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $83.42.

HF Sinclair Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.