Northwestern Mutual Wealth Management Co. Invests $1.55 Million in HF Sinclair Corporation $DINO

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 22,277 shares of the company’s stock, valued at approximately $1,552,000.

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

HF Sinclair Trading Down 1.8%

Shares of NYSE DINO opened at $93.44 on Wednesday. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $98.39. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The firm has a 50-day moving average of $82.57 and a 200 day moving average of $69.33. The stock has a market cap of $16.61 billion, a P/E ratio of 8.92 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping 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 business had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.68 billion. During the same quarter in the prior year, the company earned $1.10 earnings per share. The business’s revenue was up 53.2% compared to the same quarter last year. As a group, sell-side analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is 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 currently 20.04%.

Wall Street Analyst Weigh In

DINO has been the topic of several research analyst reports. TD Cowen boosted their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Mizuho increased their target price on HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Raymond James Financial set a $105.00 price target on HF Sinclair in a research report on Wednesday, July 29th. Finally, Morgan Stanley upped their price target on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $81.25.

Insider Buying and Selling

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of HF Sinclair stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the transaction, the director owned 16,543 shares in the company, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rhoman J. Hardy bought 1,508 shares of the company’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the acquisition, the director directly owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The SEC filing for this purchase provides additional information. 0.26% of the stock is currently owned by company insiders.

HF Sinclair Company 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.