The Manufacturers Life Insurance Company Invests $7.70 Million in HF Sinclair Corporation $DINO

The Manufacturers Life Insurance Company acquired a new position in HF Sinclair Corporation (NYSE:DINO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 110,583 shares of the company’s stock, valued at approximately $7,702,000. The Manufacturers Life Insurance Company owned about 0.06% of HF Sinclair at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DINO. REAP Financial Group LLC bought a new position in HF Sinclair in the fourth quarter worth approximately $29,000. Clearstead Trust LLC bought a new stake in shares of HF Sinclair during the 2nd quarter valued at $33,000. Nalls Sherbakoff Group LLC purchased a new stake in shares of HF Sinclair in the 4th quarter worth $36,000. Fairway Wealth LLC purchased a new stake in shares of HF Sinclair in the 1st quarter worth $41,000. Finally, State of Wyoming bought a new position in HF Sinclair in the 2nd quarter worth $41,000. 88.29% of the stock is currently owned by institutional investors.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the sale, the director owned 16,543 shares in the company, valued at $1,209,127.87. The trade was a 3.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This trade represents a 17.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley boosted their price target on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Evercore initiated coverage on HF Sinclair in a research note on Friday, July 17th. They set an “in-line” rating and a $85.00 price objective for the company. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, TD Cowen raised their target price on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Two investment 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 issued a Sell rating to the stock. According to MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and a consensus target price of $81.25.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $99.90 on Monday. The company has a market capitalization of $17.76 billion, a price-to-earnings ratio of 9.53 and a beta of 0.70. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The stock’s 50-day simple moving average is $84.56 and its 200-day simple moving average is $70.18. HF Sinclair Corporation has a 52 week low of $45.71 and a 52 week high of $100.13.

HF Sinclair (NYSE:DINO) last released 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 return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. During the same quarter last year, the business posted $1.10 earnings per share. The firm’s revenue was up 53.2% on a year-over-year basis. As a group, analysts expect that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.1%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s payout ratio is presently 20.04%.

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.