Mercer Global Advisors Inc. ADV Has $648,000 Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Mercer Global Advisors Inc. ADV raised its stake in HF Sinclair Co. (NYSE:DINO - Free Report) by 69.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,475 shares of the company's stock after acquiring an additional 7,604 shares during the period. Mercer Global Advisors Inc. ADV's holdings in HF Sinclair were worth $648,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DINO. Amundi raised its stake in HF Sinclair by 132.3% during the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after acquiring an additional 996,155 shares in the last quarter. Aigen Investment Management LP raised its stake in shares of HF Sinclair by 124.9% during the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock valued at $2,216,000 after purchasing an additional 35,121 shares in the last quarter. Norges Bank acquired a new stake in HF Sinclair in the fourth quarter worth about $41,317,000. Merit Financial Group LLC bought a new position in HF Sinclair in the 4th quarter valued at about $263,000. Finally, Blue Trust Inc. grew its position in HF Sinclair by 57.9% in the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company's stock valued at $254,000 after buying an additional 2,655 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of research analyst reports. Scotiabank reduced their price target on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Barclays lifted their price target on HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday. Piper Sandler cut their price objective on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Morgan Stanley decreased their target price on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and upped their price target for the company from $40.00 to $47.00 in a report on Tuesday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.30.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This trade represents a 3.35% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by insiders.

HF Sinclair Trading Up 0.7%

DINO stock traded up $0.27 during mid-day trading on Wednesday, reaching $36.98. 2,959,045 shares of the stock traded hands, compared to its average volume of 2,460,810. HF Sinclair Co. has a 52-week low of $24.66 and a 52-week high of $58.73. The stock's fifty day moving average is $31.12 and its 200-day moving average is $35.35. The company has a market cap of $6.97 billion, a P/E ratio of 45.10 and a beta of 0.81. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the previous year, the business earned $0.71 earnings per share. The firm's revenue was down 9.3% compared to the same quarter last year. As a group, sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a $0.50 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.41%. HF Sinclair's payout ratio is currently -259.74%.

About HF Sinclair

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.