The Manufacturers Life Insurance Company Takes $7.70 Million Position in HF Sinclair Corporation $DINO

The Manufacturers Life Insurance Company bought a new stake in HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 110,583 shares of the company’s stock, valued at approximately $7,702,000.

Other hedge funds also recently bought and sold shares of the company. REAP Financial Group LLC bought a new position in HF Sinclair during the fourth quarter valued at $29,000. Clearstead Trust LLC purchased a new stake in shares of HF Sinclair during the 2nd quarter valued at about $33,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of HF Sinclair during the 4th quarter valued at about $36,000. Fairway Wealth LLC bought a new position in shares of HF Sinclair in the 1st quarter valued at about $41,000. Finally, State of Wyoming bought a new position in shares of HF Sinclair in the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Up 0.2%

Shares of NYSE DINO opened at $99.90 on Monday. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $100.13. The firm has a 50-day simple moving average of $84.56 and a two-hundred day simple moving average of $70.18. The company has a market cap of $17.76 billion, a P/E ratio of 9.53 and a beta of 0.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

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

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be paid a $0.525 dividend. The ex-dividend date is Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 2.1%. HF Sinclair’s payout ratio is 20.04%.

Insider Transactions at HF Sinclair

In other news, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the transaction, the director directly owned 16,543 shares in the company, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the transaction, the senior vice president directly owned 42,561 shares in the company, valued at $3,599,809.38. This represents a 17.35% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DINO. Evercore initiated coverage on HF Sinclair in a research note on Friday, July 17th. They set an “in-line” rating and a $85.00 price objective on the stock. Raymond James Financial set a $105.00 price objective on HF Sinclair in a research note on Wednesday, July 29th. UBS Group lifted their target price on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Mizuho increased their price target on HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Finally, Barclays increased their price target on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

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.