Illinois Municipal Retirement Fund Purchases New Position in HF Sinclair Corporation $DINO

Illinois Municipal Retirement Fund purchased a new stake in HF Sinclair Corporation (NYSE:DINO) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,006 shares of the company’s stock, valued at approximately $1,186,000.

Several other hedge funds have also recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in shares of HF Sinclair in the fourth quarter valued at approximately $26,000. REAP Financial Group LLC acquired a new stake in HF Sinclair during the 4th quarter worth approximately $29,000. Fairway Wealth LLC acquired a new stake in HF Sinclair during the 1st quarter worth approximately $41,000. Nalls Sherbakoff Group LLC bought a new stake in HF Sinclair in the 4th quarter valued at $36,000. Finally, IFC & Insurance Marketing Inc. bought a new stake in HF Sinclair in the 4th quarter valued at $43,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Trading Down 0.7%

Shares of DINO stock opened at $91.06 on Thursday. The stock has a market cap of $16.41 billion, a P/E ratio of 13.69 and a beta of 0.72. HF Sinclair Corporation has a 1 year low of $42.16 and a 1 year high of $93.66. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $72.98 and a 200 day simple moving average of $62.58.

HF Sinclair (NYSE:DINO) last released its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.27) EPS. On average, research analysts predict that HF Sinclair Corporation will post 10.81 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s payout ratio is 30.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DINO shares. Wells Fargo & Company upped their price objective on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Raymond James Financial reissued a “strong-buy” rating on shares of HF Sinclair in a research report on Monday, July 13th. Evercore started 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. Weiss Ratings downgraded shares of HF Sinclair from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Finally, TD Cowen raised their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $79.08.

Insiders Place Their Bets

In other news, Director Rhoman J. Hardy bought 1,508 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were purchased at an average cost of $66.32 per share, with a total value of $100,010.56. Following the acquisition, the director directly owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the transaction, the director directly owned 16,543 shares in the company, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,736 shares of company stock valued at $954,694 over the last 90 days. 0.26% of the stock is owned by company insiders.

HF Sinclair Profile

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.