Ontario Teachers Pension Plan Board Makes New $2.86 Million Investment in HF Sinclair Co. (NYSE:DINO)

Ontario Teachers Pension Plan Board bought a new stake in shares of HF Sinclair Co. (NYSE:DINO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 51,518 shares of the company’s stock, valued at approximately $2,863,000.

Other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in shares of HF Sinclair during the 4th quarter valued at about $30,000. North Star Investment Management Corp. raised its position in shares of HF Sinclair by 4,990.9% during the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock valued at $31,000 after buying an additional 549 shares in the last quarter. Baystate Wealth Management LLC purchased a new stake in HF Sinclair in the 4th quarter worth about $37,000. Blue Trust Inc. raised its position in HF Sinclair by 30.9% in the 4th quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after purchasing an additional 224 shares during the period. Finally, Fortitude Family Office LLC purchased a new stake in HF Sinclair in the 4th quarter worth about $56,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DINO has been the topic of a number of recent analyst reports. Piper Sandler reduced their price objective on shares of HF Sinclair from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 14th. Mizuho reduced their price objective on shares of HF Sinclair from $65.00 to $64.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. UBS Group upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.00 to $73.00 in a research note on Wednesday, February 14th. Barclays began coverage on shares of HF Sinclair in a research note on Monday, February 26th. They issued an “equal weight” rating and a $60.00 target price on the stock. Finally, TD Cowen upped their target price 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. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.92.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers bought 6,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average price of $57.37 per share, with a total value of $372,905.00. Following the completion of the transaction, the director now directly owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Franklin Myers purchased 6,500 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was bought at an average cost of $57.37 per share, with a total value of $372,905.00. Following the acquisition, the director now owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by corporate insiders.

HF Sinclair Stock Up 0.6 %

Shares of NYSE DINO traded up $0.33 during midday trading on Thursday, reaching $56.85. 190,566 shares of the company’s stock traded hands, compared to its average volume of 2,058,567. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. The stock’s 50 day simple moving average is $58.49 and its 200-day simple moving average is $56.51. HF Sinclair Co. has a one year low of $41.09 and a one year high of $64.16. The company has a market cap of $10.92 billion, a price-to-earnings ratio of 6.99 and a beta of 1.31.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $7.54 billion. During the same period last year, the firm earned $2.00 earnings per share. The company’s quarterly revenue was down 7.1% on a year-over-year basis. On average, analysts predict that HF Sinclair Co. will post 6.17 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a yield of 3.52%. HF Sinclair’s payout ratio is 24.75%.

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.