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

Public Employees Retirement System of Ohio bought a new stake in HF Sinclair Corporation (NYSE:DINO) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 53,685 shares of the company’s stock, valued at approximately $3,739,000.

Several other hedge funds have also modified their holdings of DINO. REAP Financial Group LLC acquired a new stake in HF Sinclair in the fourth quarter valued at approximately $29,000. Clearstead Trust LLC acquired a new position in shares of HF Sinclair during the second quarter worth $33,000. Nalls Sherbakoff Group LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth $36,000. Fairway Wealth LLC purchased a new position in shares of HF Sinclair in the first quarter valued at $41,000. Finally, State of Wyoming purchased a new position in shares of HF Sinclair in the second quarter valued at $41,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Up 0.1%

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

HF Sinclair (NYSE:DINO) last released its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.HF Sinclair’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS. On average, sell-side analysts forecast that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently disclosed 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 represents a $2.10 annualized dividend and a yield of 2.0%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Rhoman Hardy bought 1,508 shares of the stock in a transaction on Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, with a total value of $100,010.56. Following the purchase, 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 disclosure for this purchase is available in the SEC filing. Company insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $67.00 to $93.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 target price on shares of HF Sinclair in a research report on Wednesday, July 29th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, TD Cowen raised their price objective on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Two investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.42.

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.