Texas Permanent School Fund Corp Sells 39,544 Shares of HF Sinclair Corporation $DINO

Texas Permanent School Fund Corp reduced its stake in HF Sinclair Corporation (NYSE:DINO) by 26.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,514 shares of the company’s stock after selling 39,544 shares during the period. Texas Permanent School Fund Corp owned approximately 0.06% of HF Sinclair worth $4,499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DINO. PFG Investments LLC bought a new stake in shares of HF Sinclair during the second quarter valued at about $244,000. Campbell & CO Investment Adviser LLC purchased a new position in HF Sinclair during the second quarter valued at approximately $1,851,000. OMNI 360 Wealth Inc. bought a new stake in HF Sinclair during the 2nd quarter worth approximately $218,000. Charles Schwab Investment Management Inc. lifted its stake in HF Sinclair by 5.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock worth $255,764,000 after purchasing an additional 298,735 shares in the last quarter. Finally, Level Four Advisory Services LLC boosted its holdings in HF Sinclair by 71.4% in the 1st quarter. Level Four Advisory Services LLC now owns 125,263 shares of the company’s stock valued at $4,119,000 after purchasing an additional 52,182 shares during the period. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $47.41 on Thursday. The firm has a market capitalization of $8.72 billion, a PE ratio of 22.68 and a beta of 0.84. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $56.58. The business’s 50-day moving average price is $52.41 and its 200-day moving average price is $48.16.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.50. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $6.99 billion. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.HF Sinclair’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Sell-side analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 19th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.00 annualized dividend and a dividend yield of 4.2%. HF Sinclair’s dividend payout ratio (DPR) is currently 95.69%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DINO shares. Piper Sandler upped their price target on shares of HF Sinclair from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Scotiabank restated an “outperform” rating on shares of HF Sinclair in a research note on Thursday, October 9th. Barclays raised their price target on HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Wells Fargo & Company assumed coverage on HF Sinclair in a report on Friday, October 17th. They set an “equal weight” rating and a $58.00 price objective for the company. Finally, Morgan Stanley raised their target price on shares of HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $60.20.

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.