Retirement Systems of Alabama Increases Stock Position in HF Sinclair Co. (NYSE:DINO)

Retirement Systems of Alabama lifted its position in shares of HF Sinclair Co. (NYSE:DINO) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 351,577 shares of the company’s stock after purchasing an additional 14,468 shares during the period. Retirement Systems of Alabama’s holdings in HF Sinclair were worth $19,537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Gotham Asset Management LLC raised its stake in shares of HF Sinclair by 7.4% during the 3rd quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock worth $6,236,000 after purchasing an additional 7,547 shares during the period. UBS Group AG boosted its stake in HF Sinclair by 26.2% in the third quarter. UBS Group AG now owns 413,679 shares of the company’s stock valued at $23,551,000 after acquiring an additional 85,993 shares during the last quarter. Spirit of America Management Corp NY bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $1,093,000. Qube Research & Technologies Ltd purchased a new stake in shares of HF Sinclair during the 3rd quarter worth approximately $12,135,000. Finally, Nordea Investment Management AB raised its holdings in shares of HF Sinclair by 127.9% in the 4th quarter. Nordea Investment Management AB now owns 34,915 shares of the company’s stock worth $1,940,000 after purchasing an additional 19,595 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the transaction, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Franklin Myers bought 4,180 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the completion of the acquisition, the director now owns 131,793 shares of the company’s stock, valued at $7,767,879.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction 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 disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on DINO. TD Cowen increased their price objective on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. Wells Fargo & Company lifted their price objective on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Piper Sandler upped their price objective on shares of HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Mizuho lowered their price target on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Finally, Barclays assumed coverage on shares of HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $65.42.

HF Sinclair Price Performance

DINO stock opened at $57.85 on Tuesday. The firm has a 50 day simple moving average of $58.81 and a two-hundred day simple moving average of $56.42. 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 stock has a market cap of $11.41 billion, a PE ratio of 6.97 and a beta of 1.28. HF Sinclair Co. has a one year low of $37.12 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same period in the previous year, the business earned $2.97 earnings per share. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, analysts predict that HF Sinclair Co. will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were given a $0.50 dividend. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.46%. HF Sinclair’s payout ratio is presently 24.10%.

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.