HF Sinclair Corporation $DINO Stock: Mader & Shannon Wealth Management Inc. Reduces Stake

Mader & Shannon Wealth Management Inc. trimmed its stake in HF Sinclair Corporation (NYSE:DINO) by 57.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,475 shares of the company’s stock after selling 43,133 shares during the quarter. HF Sinclair makes up 1.4% of Mader & Shannon Wealth Management Inc.’s holdings, making the stock its 21st largest holding. Mader & Shannon Wealth Management Inc.’s holdings in HF Sinclair were worth $3,378,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in DINO. BlackRock Inc. bought a new position in HF Sinclair during the second quarter valued at about $1,291,602,000. Dimensional Fund Advisors LP raised its position in HF Sinclair by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock worth $577,114,000 after purchasing an additional 103,135 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of HF Sinclair by 3.8% during the first quarter. Bank of New York Mellon Corp now owns 2,063,790 shares of the company’s stock worth $128,760,000 after buying an additional 75,798 shares during the last quarter. NFJ Investment Group LLC bought a new stake in shares of HF Sinclair in the 2nd quarter valued at about $97,422,000. Finally, Bank of America Corp DE bought a new stake in shares of HF Sinclair in the second quarter worth about $89,846,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Evercore started coverage on shares of HF Sinclair in a report on Friday, July 17th. They set an “in-line” rating and a $85.00 target price for the company. TD Cowen increased their price target on shares of HF Sinclair from $100.00 to $110.00 and gave the company a “hold” rating in a report on Thursday, October 22nd. Raymond James Financial set a $150.00 target price on HF Sinclair in a research note on Wednesday, October 28th. UBS Group boosted their price target on HF Sinclair from $126.00 to $133.00 and gave the company a “buy” rating in a research note on Saturday, October 3rd. Finally, Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $93.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $116.00.

HF Sinclair Trading Down 0.4%

DINO stock traded down $0.42 during mid-day trading on Friday, reaching $97.34. The company’s stock had a trading volume of 2,450,139 shares, compared to its average volume of 2,240,908. The company has a market cap of $16.68 billion, a price-to-earnings ratio of 4.94 and a beta of 0.73. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $129.37. The business’s 50 day moving average price is $112.80 and its 200 day moving average price is $79.60. The company has a current ratio of 2.27, a quick ratio of 1.40 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 earnings per share for the quarter, beating analysts’ consensus estimates of $7.83 by $3.92. HF Sinclair had a net margin of 10.12% and a return on equity of 32.95%. The firm had revenue of $10.86 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same period last year, the firm earned $2.44 earnings per share. The business’s quarterly revenue was up 49.7% compared to the same quarter last year. On average, equities research analysts predict that HF Sinclair Corporation will post 22.32 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Thursday, November 12th will be given a dividend of $0.5250 per share. The ex-dividend date is Thursday, November 12th. This represents a $2.10 annualized dividend and a dividend yield of 2.2%. HF Sinclair’s dividend payout ratio (DPR) is 10.65%.

HF Sinclair Profile

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.