Public Employees Retirement System of Ohio Invests $3.74 Million in HF Sinclair Corporation $DINO

Public Employees Retirement System of Ohio purchased a new position in HF Sinclair Corporation (NYSE:DINO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 53,685 shares of the company’s stock, valued at approximately $3,739,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DINO. BlackRock Inc. bought a new position in HF Sinclair during the 2nd quarter worth $1,291,602,000. Dimensional Fund Advisors LP lifted its stake in HF Sinclair by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock valued at $577,114,000 after buying an additional 103,135 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of HF Sinclair by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after acquiring an additional 48,103 shares during the period. State Street Corp grew its position in shares of HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after acquiring an additional 22,150 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of HF Sinclair by 13.7% during the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock worth $200,880,000 after acquiring an additional 523,709 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.1%

Shares of NYSE:DINO opened at $106.13 on Friday. The company has a 50 day moving average of $87.61 and a 200-day moving average of $71.48. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The firm has a market cap of $18.87 billion, a P/E ratio of 10.13 and a beta of 0.71. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $108.25.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter last year, the business earned $1.10 earnings per share. As a group, analysts anticipate that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were paid a dividend of $0.525 per share. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DINO shares. Mizuho increased their price objective on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Evercore assumed coverage on shares of HF Sinclair in a research report on Friday, July 17th. They issued an “in-line” rating and a $85.00 target price for the company. TD Cowen raised their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Morgan Stanley lifted their price target on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $114.00 price objective on shares of HF Sinclair in a research report on Wednesday, July 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average target price of $83.42.

Insider Activity

In other HF Sinclair news, Director Rhoman J. Hardy purchased 1,508 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, with a total value of $100,010.56. Following the acquisition, the director owned 15,037 shares of the company’s stock, valued at $997,253.84. The trade was a 11.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.26% of the company’s stock.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.