South Dakota Investment Council Has $3.26 Million Stock Holdings in HF Sinclair Co. (NYSE:DINO)

South Dakota Investment Council grew its position in shares of HF Sinclair Co. (NYSE:DINO) by 57.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,610 shares of the company’s stock after purchasing an additional 21,300 shares during the quarter. South Dakota Investment Council’s holdings in HF Sinclair were worth $3,257,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DINO. CWM LLC lifted its stake in shares of HF Sinclair by 18.4% in the third quarter. CWM LLC now owns 2,942 shares of the company’s stock worth $168,000 after acquiring an additional 458 shares during the period. AE Wealth Management LLC acquired a new position in shares of HF Sinclair in the third quarter worth approximately $521,000. Ronald Blue Trust Inc. lifted its stake in shares of HF Sinclair by 200.0% in the third quarter. Ronald Blue Trust Inc. now owns 726 shares of the company’s stock worth $41,000 after acquiring an additional 484 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of HF Sinclair by 7.0% in the third quarter. State of Alaska Department of Revenue now owns 20,171 shares of the company’s stock worth $1,148,000 after acquiring an additional 1,320 shares during the period. Finally, Miller Howard Investments Inc. NY lifted its stake in shares of HF Sinclair by 0.6% in the third quarter. Miller Howard Investments Inc. NY now owns 59,782 shares of the company’s stock worth $3,403,000 after acquiring an additional 371 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Down 0.1 %

Shares of NYSE DINO opened at $57.43 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $11.32 billion, a PE ratio of 6.92 and a beta of 1.28. The stock’s fifty day simple moving average is $58.98 and its two-hundred day simple moving average is $56.32. HF Sinclair Co. has a 12-month low of $37.12 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter last year, the business posted $2.97 EPS. The company’s revenue was down 14.7% on a year-over-year basis. As a group, analysts expect that HF Sinclair Co. will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were issued a dividend of $0.50 per share. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend was Friday, February 23rd. HF Sinclair’s payout ratio is currently 24.10%.

Insider Activity at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the sale, the executive vice president now owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the transaction, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays assumed coverage on HF Sinclair in a research note on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective on the stock. TD Cowen boosted their price objective on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Mizuho dropped their price objective on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, April 15th. UBS Group raised HF Sinclair from a “neutral” rating to a “buy” rating and raised their price objective for the company from $64.00 to $73.00 in a report on Wednesday, February 14th. Finally, Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.42.

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.