Mather Group LLC. Takes Position in HF Sinclair Co. (NYSE:DINO)

Mather Group LLC. purchased a new stake in HF Sinclair Co. (NYSE:DINO – Get Rating) in the third quarter, HoldingsChannel reports. The firm purchased 6,732 shares of the company’s stock, valued at approximately $362,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in HF Sinclair in the first quarter valued at approximately $566,029,000. BlackRock Inc. bought a new position in HF Sinclair in the first quarter valued at approximately $539,533,000. State Street Corp bought a new position in HF Sinclair in the first quarter valued at approximately $308,240,000. Invesco Ltd. bought a new position in HF Sinclair in the first quarter valued at approximately $102,959,000. Finally, First Trust Advisors LP bought a new position in HF Sinclair in the first quarter valued at approximately $81,253,000. 87.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at HF Sinclair

In related news, CEO Michael Jennings sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total value of $2,553,000.00. Following the transaction, the chief executive officer now owns 182,859 shares in the company, valued at $9,336,780.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CEO Michael Jennings sold 50,000 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total value of $2,553,000.00. Following the transaction, the chief executive officer now owns 182,859 shares in the company, valued at $9,336,780.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James H. Lee sold 4,180 shares of the company’s stock in a transaction dated Friday, December 23rd. The shares were sold at an average price of $50.64, for a total transaction of $211,675.20. Following the transaction, the director now owns 57,101 shares in the company, valued at approximately $2,891,594.64. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DINO. TD Cowen cut shares of HF Sinclair from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $58.00 to $52.00 in a research note on Thursday, March 2nd. Piper Sandler decreased their target price on shares of HF Sinclair from $86.00 to $75.00 and set an “overweight” rating on the stock in a research note on Monday, December 19th. Cowen boosted their target price on shares of HF Sinclair to $68.00 in a research note on Tuesday, November 15th. Barclays decreased their target price on shares of HF Sinclair from $61.00 to $55.00 in a research note on Tuesday, January 10th. Finally, Mizuho raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $68.00 in a research note on Tuesday, January 10th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and an average price target of $62.08.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $47.06 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. HF Sinclair Co. has a twelve month low of $34.17 and a twelve month high of $66.19. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 3.44, a P/E/G ratio of 0.52 and a beta of 1.39. The company’s fifty day moving average is $52.98 and its 200 day moving average is $54.89.

HF Sinclair (NYSE:DINO – Get Rating) last issued its quarterly earnings data on Friday, February 24th. The company reported $2.97 earnings per share for the quarter, missing the consensus estimate of $3.59 by ($0.62). HF Sinclair had a return on equity of 31.28% and a net margin of 7.65%. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period in the prior year, the firm earned ($0.11) EPS. The business’s revenue for the quarter was up 59.8% compared to the same quarter last year. Sell-side analysts forecast that HF Sinclair Co. will post 8.75 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Tuesday, March 7th will be issued a $0.45 dividend. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Monday, March 6th. This represents a $1.80 annualized dividend and a yield of 3.82%. HF Sinclair’s payout ratio is presently 13.14%.

HF Sinclair Company Profile

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HF Sinclair Corp. is an independent energy company. It manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt. The company operates through five segments: Refining, Marketing, Renewables, Lubricants and Specialty Products, and Midstream.