Mader & Shannon Wealth Management Inc. Sells 43,133 Shares of HF Sinclair Corporation $DINO

Mader & Shannon Wealth Management Inc. lowered its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 57.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,475 shares of the company’s stock after selling 43,133 shares during the period. HF Sinclair makes up 1.4% of Mader & Shannon Wealth Management Inc.’s investment portfolio, 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 SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of HF Sinclair in the 2nd quarter worth about $1,291,602,000. Dimensional Fund Advisors LP lifted 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 valued at $577,114,000 after acquiring an additional 103,135 shares in the last quarter. Bank of New York Mellon Corp raised its position in HF Sinclair by 3.8% in the 1st 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 purchased a new position in shares of HF Sinclair during the second quarter valued at approximately $97,422,000. Finally, Bank of America Corp DE purchased a new stake in HF Sinclair in the second quarter worth approximately $89,846,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DINO shares. Mizuho increased their price target on HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a report on Thursday, October 8th. UBS Group increased their target price on HF Sinclair from $126.00 to $133.00 and gave the company a “buy” rating in a report on Saturday, October 3rd. The Goldman Sachs Group raised their target price on HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Morgan Stanley raised their price objective on shares of HF Sinclair from $127.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

HF Sinclair Stock Down 0.4%

Shares of NYSE:DINO traded down $0.42 on Friday, reaching $97.34. The company had a trading volume of 2,450,139 shares, compared to its average volume of 2,240,908. The firm has a market capitalization of $16.68 billion, a PE ratio of 4.94 and a beta of 0.73. The firm’s 50 day simple moving average is $112.80 and its 200-day simple moving average is $79.60. HF Sinclair Corporation has a 52-week low of $45.71 and a 52-week high of $129.37. 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 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 return on equity of 32.95% and a net margin of 10.12%. The company had revenue of $10.86 billion during the quarter, compared to analysts’ expectations of $8.89 billion. During the same period last year, the business posted $2.44 earnings per share. The firm’s revenue was up 49.7% compared to the same quarter last year. As a group, analysts expect that HF Sinclair Corporation will post 22.32 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Thursday, November 12th will be issued a $0.5250 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.10 dividend on an annualized basis and a yield of 2.2%. HF Sinclair’s dividend payout ratio is presently 10.65%.

HF Sinclair Company 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.