Mirae Asset Global Investments Co. Ltd. Makes New Investment in HF Sinclair Corporation $DINO

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of HF Sinclair Corporation (NYSE:DINO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 149,620 shares of the company’s stock, valued at approximately $16,057,000.

A number of other large investors have also recently bought and sold shares of DINO. SYM FINANCIAL Corp lifted its stake in shares of HF Sinclair by 1.3% in the 3rd quarter. SYM FINANCIAL Corp now owns 6,643 shares of the company’s stock valued at $713,000 after purchasing an additional 84 shares during the period. Unison Advisors LLC boosted its position in shares of HF Sinclair by 0.6% during the 3rd quarter. Unison Advisors LLC now owns 23,890 shares of the company’s stock valued at $2,564,000 after purchasing an additional 151 shares in the last quarter. Signaturefd LLC grew its stake in HF Sinclair by 2.7% during the third quarter. Signaturefd LLC now owns 6,958 shares of the company’s stock worth $747,000 after purchasing an additional 180 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in HF Sinclair by 4.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 5,176 shares of the company’s stock worth $555,000 after purchasing an additional 230 shares during the period. Finally, Versant Capital Management Inc increased its holdings in HF Sinclair by 31.2% in the second quarter. Versant Capital Management Inc now owns 985 shares of the company’s stock worth $69,000 after purchasing an additional 234 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of DINO opened at $113.45 on Wednesday. HF Sinclair Corporation has a 12-month low of $45.71 and a 12-month high of $129.37. The business’s fifty day moving average is $112.56 and its 200 day moving average is $78.83. The company has a quick ratio of 1.40, a current ratio of 2.27 and a debt-to-equity ratio of 0.24. The stock has a market cap of $19.44 billion, a P/E ratio of 5.76 and a beta of 0.73.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $11.75 EPS 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 business had revenue of $10.86 billion during the quarter, compared to analyst estimates of $8.89 billion. During the same quarter in the previous year, the business posted $2.44 EPS. HF Sinclair’s quarterly revenue was up 49.7% on a year-over-year basis. Sell-side analysts anticipate that HF Sinclair Corporation will post 21.09 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.5250 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Thursday, November 12th. HF Sinclair’s dividend payout ratio (DPR) is currently 10.65%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DINO shares. Wells Fargo & Company increased their price target on HF Sinclair from $93.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Barclays lifted their price objective on shares of HF Sinclair from $86.00 to $122.00 and gave the company an “equal weight” rating in a research note on Monday, October 12th. Morgan Stanley boosted their target price on shares of HF Sinclair from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday. The Goldman Sachs Group increased their target price on shares of HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Finally, Freedom Capital cut shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $116.00.

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.