Mader & Shannon Wealth Management Inc. Buys Shares of 52,469 HF Sinclair Co. (NYSE:DINO)

Mader & Shannon Wealth Management Inc. acquired a new position in HF Sinclair Co. (NYSE:DINO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 52,469 shares of the company's stock, valued at approximately $1,839,000. HF Sinclair makes up about 1.1% of Mader & Shannon Wealth Management Inc.'s investment portfolio, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in DINO. Pacer Advisors Inc. raised its holdings in HF Sinclair by 8.1% in the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company's stock worth $374,909,000 after purchasing an additional 626,755 shares during the period. Cambiar Investors LLC purchased a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $7,751,000. Kornitzer Capital Management Inc. KS raised its stake in shares of HF Sinclair by 72.2% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 433,155 shares of the company's stock worth $15,182,000 after buying an additional 181,550 shares during the period. AustralianSuper Pty Ltd lifted its position in shares of HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company's stock valued at $74,797,000 after buying an additional 175,925 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company's stock valued at $218,163,000 after buying an additional 165,313 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Trading Down 3.0 %

HF Sinclair stock traded down $1.12 during trading on Friday, reaching $36.32. 3,752,329 shares of the company were exchanged, compared to its average volume of 2,719,395. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock's 50 day simple moving average is $36.01 and its two-hundred day simple moving average is $41.34. The company has a market capitalization of $6.83 billion, a P/E ratio of 22.42 and a beta of 1.22. HF Sinclair Co. has a 52-week low of $33.47 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. On average, equities research analysts expect that HF Sinclair Co. will post 1.34 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.51%. HF Sinclair's dividend payout ratio is currently 123.46%.

Wall Street Analyst Weigh In

DINO has been the subject of a number of research analyst reports. TD Cowen reduced their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research report on Wednesday, December 18th. UBS Group cut their target price on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Mizuho decreased their price target on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Barclays lowered their price objective on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating on the stock in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. reduced their target price on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $51.00.

Insider Activity

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $33.77 per share, with a total value of $168,850.00. Following the transaction, the chief financial officer now owns 78,927 shares of the company's stock, valued at $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.28% of the company's stock.

HF Sinclair 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.