Mirae Asset Global Investments Co. Ltd. Purchases 15,621 Shares of HF Sinclair Corporation $DINO

Key Points

• Mirae Asset Global Investments increased its stake in HF Sinclair Corporation by 11.9%, purchasing an additional 15,621 shares, bringing its total ownership to 147,321 shares valued at approximately $6.05 million.
• Research analysts have raised their price targets for HF Sinclair, with Goldman Sachs increasing it to $61.00 and Piper Sandler to $59.00, indicating varied sentiments, including a "strong buy" rating from one analyst.
• HF Sinclair recently announced a quarterly dividend of $0.50, representing an annualized yield of 3.9%, although the dividend payout ratio currently stands at -434.78%.

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) by 11.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 147,321 shares of the company's stock after purchasing an additional 15,621 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.08% of HF Sinclair worth $6,052,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Harbour Investments Inc. lifted its holdings in HF Sinclair by 15.0% during the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock worth $78,000 after acquiring an additional 310 shares in the last quarter. Financial Engines Advisors L.L.C. raised its position in shares of HF Sinclair by 1.5% during the first quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company's stock worth $876,000 after purchasing an additional 392 shares during the period. Juncture Wealth Strategies LLC lifted its holdings in shares of HF Sinclair by 4.9% during the 2nd quarter. Juncture Wealth Strategies LLC now owns 8,482 shares of the company's stock valued at $348,000 after purchasing an additional 395 shares in the last quarter. Bfsg LLC grew its position in shares of HF Sinclair by 4.7% in the 2nd quarter. Bfsg LLC now owns 8,931 shares of the company's stock valued at $367,000 after purchasing an additional 398 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in HF Sinclair by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company's stock worth $1,473,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 88.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a research note on Thursday, September 11th. Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 11th. Wolfe Research lowered shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. TD Cowen lifted their price target on HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group upped their price objective on HF Sinclair from $54.00 to $61.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $55.64.

Insiders Place Their Bets

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total transaction of $467,830.00. Following the sale, the executive vice president directly owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.28% of the company's stock.

HF Sinclair Trading Down 0.4%

Shares of NYSE:DINO opened at $51.66 on Monday. The company's 50-day moving average price is $48.88 and its two-hundred day moving average price is $40.64. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $54.73. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The stock has a market capitalization of $9.66 billion, a PE ratio of -112.30 and a beta of 1.00.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The business had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the previous year, the business earned $0.78 earnings per share. HF Sinclair's quarterly revenue was down 13.5% on a year-over-year basis. On average, equities analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. HF Sinclair's dividend payout ratio (DPR) is currently -434.78%.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.

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