149,620 Shares of HF Sinclair Corporation $DINO Bought by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments bought 149,620 HF Sinclair shares in the third quarter, worth about $16.1 million and representing approximately 0.08% of the company.
• HF Sinclair reported quarterly EPS of $11.75, beating the $7.83 consensus, while revenue rose 49.7% year over year to $10.86 billion.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $116. The company also declared a quarterly dividend of $0.525 per share.

Mirae Asset Global Investments Co. Ltd. bought a new stake in HF Sinclair Corporation (NYSE:DINO - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 149,620 shares of the company's stock, valued at approximately $16,057,000. Mirae Asset Global Investments Co. Ltd. owned about 0.08% of HF Sinclair as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Reyes Financial Architecture Inc. bought a new position in shares of HF Sinclair in the third quarter worth about $29,000. Bullock Wealth Management Group bought a new stake in shares of HF Sinclair during the 3rd quarter valued at approximately $41,000. Latitude Advisors LLC bought a new stake in shares of HF Sinclair during the 3rd quarter valued at approximately $40,000. Lynch Investment Planning LLC acquired a new position in HF Sinclair during the 3rd quarter worth approximately $49,000. Finally, Clearstead Trust LLC acquired a new position in HF Sinclair during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Analyst Ratings Changes

DINO has been the subject of several research reports. Weiss Ratings raised shares of HF Sinclair from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Freedom Capital cut shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Mizuho upped their price target on shares of HF Sinclair from $85.00 to $119.00 and gave the stock a "neutral" rating in a report on Thursday, October 8th. Piper Sandler initiated coverage on HF Sinclair in a research note on Tuesday, October 27th. They issued an "overweight" rating and a $152.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on HF Sinclair from $93.00 to $135.00 and gave the company an "equal weight" rating in a report on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $116.00.

HF Sinclair Stock Performance

HF Sinclair stock opened at $113.45 on Wednesday. The business has a 50 day moving average of $112.56 and a 200-day moving average of $78.83. The company has a market capitalization of $19.44 billion, a P/E ratio of 5.76 and a beta of 0.73. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $129.37. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.27 and a quick ratio of 1.40.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Wednesday, October 28th. The company reported $11.75 EPS for the quarter, topping the consensus estimate of $7.83 by $3.92. The business had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $8.89 billion. HF Sinclair had a net margin of 10.12% and a return on equity of 32.95%. The firm's revenue was up 49.7% compared to the same quarter last year. During the same period last year, the company earned $2.44 EPS. On average, equities research analysts predict that HF Sinclair Corporation will post 21.09 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Thursday, November 12th will be paid a $0.5250 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, November 12th. HF Sinclair's payout ratio is currently 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.

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