Northwestern Mutual Wealth Management Co. Invests $1.55 Million in HF Sinclair Corporation $DINO

Northwestern Mutual Wealth Management Co. purchased a new stake in shares of HF Sinclair Corporation (NYSE:DINO) during the second quarter, HoldingsChannel reports. The institutional investor purchased 22,277 shares of the company’s stock, valued at approximately $1,552,000.

A number of other institutional investors have also recently made changes to their positions in the company. REAP Financial Group LLC purchased a new position in HF Sinclair in the 4th quarter worth approximately $29,000. Clearstead Trust LLC bought a new position in HF Sinclair in the 2nd quarter valued at approximately $33,000. Nalls Sherbakoff Group LLC bought a new position in HF Sinclair in the 4th quarter valued at approximately $36,000. Fairway Wealth LLC purchased a new stake in HF Sinclair during the 1st quarter valued at $41,000. Finally, State of Wyoming purchased a new stake in HF Sinclair during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.8%

NYSE:DINO opened at $93.44 on Wednesday. The company has a market cap of $16.61 billion, a PE ratio of 8.92 and a beta of 0.70. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $82.57 and a two-hundred day simple moving average of $69.33. HF Sinclair Corporation has a 12 month low of $45.71 and a 12 month high of $98.39.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.82. The firm had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The company’s revenue was up 53.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 EPS. Research analysts forecast that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be issued a $0.525 dividend. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s dividend payout ratio is currently 20.04%.

Wall Street Analysts Forecast Growth

DINO has been the subject of several recent analyst reports. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Weiss Ratings raised HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 price objective on shares of HF Sinclair in a report on Wednesday, July 29th. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, UBS Group upped their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $81.25.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the transaction, the director directly owned 16,543 shares in the company, valued at $1,209,127.87. The trade was a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.26% of the stock is owned by corporate insiders.

HF Sinclair 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.