Mackenzie Financial Corp Purchases 4,021 Shares of HF Sinclair Co. (NYSE:DINO)

Mackenzie Financial Corp grew its holdings in HF Sinclair Co. (NYSE:DINO) by 27.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 18,456 shares of the company’s stock after purchasing an additional 4,021 shares during the quarter. Mackenzie Financial Corp’s holdings in HF Sinclair were worth $1,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Strs Ohio boosted its position in shares of HF Sinclair by 28.6% in the 4th quarter. Strs Ohio now owns 25,891 shares of the company’s stock worth $1,438,000 after purchasing an additional 5,764 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of HF Sinclair in the 4th quarter valued at approximately $2,445,000. Baystate Wealth Management LLC bought a new position in HF Sinclair during the 4th quarter worth approximately $37,000. PFS Partners LLC grew its holdings in HF Sinclair by 417.2% during the fourth quarter. PFS Partners LLC now owns 5,963 shares of the company’s stock valued at $331,000 after purchasing an additional 4,810 shares during the period. Finally, Cerity Partners LLC bought a new stake in HF Sinclair in the fourth quarter valued at approximately $293,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the transaction, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Franklin Myers purchased 4,180 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the transaction, the director now directly owns 131,793 shares of the company’s stock, valued at approximately $7,767,879.42. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by corporate insiders.

HF Sinclair Stock Performance

Shares of DINO stock opened at $57.43 on Thursday. The stock has a market cap of $11.32 billion, a P/E ratio of 6.92 and a beta of 1.28. The company has a fifty day moving average price of $58.98 and a two-hundred day moving average price of $56.32. HF Sinclair Co. has a one year low of $37.12 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. The business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.97 EPS. As a group, equities analysts predict that HF Sinclair Co. will post 6.55 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.48%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Mizuho decreased their price target on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Barclays assumed coverage on HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price target for the company. Piper Sandler boosted their price objective on HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Wells Fargo & Company raised their target price on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, TD Cowen upped their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.