Northwestern Mutual Wealth Management Co. Increases Holdings in HF Sinclair Corporation $DINO

Northwestern Mutual Wealth Management Co. increased its position in shares of HF Sinclair Corporation (NYSE:DINOFree Report) by 29.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,277 shares of the company’s stock after purchasing an additional 5,047 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in HF Sinclair were worth $1,552,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DINO. REAP Financial Group LLC purchased a new position in HF Sinclair during the 4th quarter worth approximately $29,000. Clearstead Trust LLC acquired a new stake in shares of HF Sinclair in the second quarter worth $33,000. Nalls Sherbakoff Group LLC purchased a new position in shares of HF Sinclair during the fourth quarter worth $36,000. State of Wyoming purchased a new position in shares of HF Sinclair during the second quarter worth $41,000. Finally, Fairway Wealth LLC purchased a new stake in HF Sinclair in the first quarter valued at $41,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity

In other news, Director Rhoman J. Hardy purchased 1,508 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average price of $66.32 per share, with a total value of $100,010.56. Following the purchase, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This represents a 17.35% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DINO has been the subject of several analyst reports. Raymond James Financial set a $105.00 price objective on HF Sinclair in a report on Wednesday, July 29th. The Goldman Sachs Group reiterated a “buy” rating and set a $114.00 price target on shares of HF Sinclair in a research report on Wednesday, July 29th. Weiss Ratings upgraded HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Wells Fargo & Company raised their price objective on shares of HF Sinclair from $67.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, TD Cowen lifted their target price on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus price target of $83.42.

View Our Latest Stock Report on HF Sinclair

HF Sinclair Trading Down 0.5%

DINO stock opened at $105.62 on Friday. 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 12-month low of $45.71 and a 12-month high of $108.25. The stock has a market cap of $18.78 billion, a price-to-earnings ratio of 10.08 and a beta of 0.71. The business’s 50-day moving average is $88.36 and its 200 day moving average is $71.72.

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

HF Sinclair Increases Dividend

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

HF Sinclair Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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