Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Stake in HF Sinclair Co. (NYSE:DINO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in HF Sinclair Co. (NYSE:DINO) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,321 shares of the company’s stock after selling 432 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HF Sinclair were worth $1,238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DINO. Magnetar Financial LLC raised its holdings in HF Sinclair by 421.4% in the fourth quarter. Magnetar Financial LLC now owns 46,153 shares of the company’s stock worth $1,618,000 after purchasing an additional 37,302 shares in the last quarter. Xponance Inc. increased its stake in shares of HF Sinclair by 5.3% in the 4th quarter. Xponance Inc. now owns 26,281 shares of the company’s stock worth $921,000 after acquiring an additional 1,333 shares in the last quarter. Intech Investment Management LLC lifted its position in HF Sinclair by 158.0% during the 4th quarter. Intech Investment Management LLC now owns 49,003 shares of the company’s stock valued at $1,718,000 after acquiring an additional 30,013 shares during the period. Generali Asset Management SPA SGR bought a new stake in HF Sinclair during the fourth quarter worth about $140,000. Finally, Cadence Wealth Management LLC grew its holdings in HF Sinclair by 24.1% in the fourth quarter. Cadence Wealth Management LLC now owns 11,554 shares of the company’s stock worth $405,000 after purchasing an additional 2,246 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now directly owns 154,065 shares of the company’s stock, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Piper Sandler set a $46.00 target price on HF Sinclair in a report on Friday, March 7th. Wells Fargo & Company raised their price target on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Morgan Stanley dropped their price target on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Finally, Mizuho reduced their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $47.00.

HF Sinclair Trading Up 0.1 %

Shares of DINO stock opened at $33.18 on Wednesday. The stock has a market capitalization of $6.25 billion, a P/E ratio of 40.46 and a beta of 1.13. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $35.24 and its 200 day moving average is $38.99. HF Sinclair Co. has a 12-month low of $29.85 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. Research analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

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.