Strs Ohio Buys 5,764 Shares of HF Sinclair Co. (NYSE:DINO)

Strs Ohio grew its stake in shares of HF Sinclair Co. (NYSE:DINO) by 28.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,891 shares of the company’s stock after buying an additional 5,764 shares during the period. Strs Ohio’s holdings in HF Sinclair were worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Louisiana State Employees Retirement System bought a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $2,445,000. Baystate Wealth Management LLC purchased a new position in shares of HF Sinclair in the fourth quarter valued at $37,000. PFS Partners LLC grew its holdings in shares of HF Sinclair by 417.2% in the fourth quarter. PFS Partners LLC now owns 5,963 shares of the company’s stock valued at $331,000 after purchasing an additional 4,810 shares in the last quarter. Cerity Partners LLC purchased a new position in HF Sinclair during the fourth quarter worth $293,000. Finally, Mutual of America Capital Management LLC boosted its stake in HF Sinclair by 2.3% during the fourth quarter. Mutual of America Capital Management LLC now owns 96,761 shares of the company’s stock worth $5,377,000 after buying an additional 2,162 shares during the period. Institutional investors own 88.29% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

DINO has been the subject of several recent analyst reports. TD Cowen lifted their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Scotiabank lifted their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Mizuho dropped their price objective on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Wells Fargo & Company lifted their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Finally, Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $65.42.

HF Sinclair Stock Performance

DINO stock opened at $56.85 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16. The business has a 50-day moving average price of $59.09 and a 200 day moving average price of $56.24. The company has a market capitalization of $11.21 billion, a P/E ratio of 6.85 and a beta of 1.28. HF Sinclair Co. has a 1-year low of $37.12 and a 1-year 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 the consensus estimate of $0.72 by $0.15. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.97 earnings per share. As a group, equities research analysts forecast that HF Sinclair Co. will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were issued a $0.50 dividend. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, February 23rd. HF Sinclair’s payout ratio is presently 24.10%.

HF Sinclair 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.