Northwestern Mutual Wealth Management Co. Boosts Holdings in HF Sinclair Co. (NYSE:DINO)

Northwestern Mutual Wealth Management Co. lifted its stake in shares of HF Sinclair Co. (NYSE:DINO) by 18.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,706 shares of the company’s stock after buying an additional 4,627 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in HF Sinclair were worth $1,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Unison Advisors LLC lifted its position in HF Sinclair by 0.8% during the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock valued at $1,298,000 after buying an additional 179 shares during the period. Capital Advisors Wealth Management LLC lifted its position in HF Sinclair by 2.4% during 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 period. Poehling Capital Management INC. boosted its stake in HF Sinclair by 0.3% during the first quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock worth $3,989,000 after acquiring an additional 203 shares in the last quarter. Empirical Finance LLC grew its holdings in HF Sinclair by 1.2% in the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after purchasing an additional 228 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after purchasing an additional 267 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on DINO. Piper Sandler dropped their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Barclays boosted their target price on HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Argus upgraded HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Wolfe Research initiated coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, BMO Capital Markets reduced their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.82.

HF Sinclair Stock Performance

Shares of DINO stock opened at $46.74 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The company has a 50 day moving average price of $46.89 and a 200-day moving average price of $52.28. HF Sinclair Co. has a 52 week low of $43.88 and a 52 week high of $64.16. The firm has a market capitalization of $8.98 billion, a PE ratio of 5.78 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last posted 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. The business had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.60 EPS. As a group, equities research analysts expect that HF Sinclair Co. will post 2.84 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is 24.75%.

HF Sinclair Company 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.